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David Hale
James Franklin’s new contract Virginia Tech will net the former penn state The coach will receive at least $41.75 million over the next five years, according to a term sheet released by the school Friday, but details of the contract also point to a new world of revenue distribution.
Franklin’s deal, which runs through 2030, is largely pending, with Virginia Tech on a deal worth $6 million for the 2026 season and up to $13.25 million for 2030.
But there are perks for Franklin, including a bonus of up to $800,000 annually based on Virginia Tech’s TV viewership. This matches the ACC’s new revenue distribution model that awards a larger share of the financial share to schools based on TV ratings.
Virginia Tech, which Approved a $229 million increase in its total athletics budget for the next four years in SeptemberFranklin pledged $9.5 million for support staff and $6 million for other roles to supplement staff, including data analysts, recruiting and quality control staff and sports scientists.
Franklin will also receive more money for the support staff based on the number of games Virginia Tech wins, ranging from an increase of $200,000 for assistants and $125,000 for the supplemental staff for winning six games, to $800,000 and $575,000, respectively, for a 12-win season.
Franklin also said he expected significant facility upgrades and other investments to bring Virginia Tech in line with the nation’s top programs.
“I would go to the facility and make it clear that these things are good and first-class, and these things are old and problematic and we need to fix them and fix them fast,” Franklin told ESPN. “There is some work that needs to be done. But some promises have also been made. That’s all.”
The contract also includes bonuses based on ACC Championship Game and College Football Playoff performance.
