PSU’s Franklin among highest-paid college football coaches
James Franklin is the nation’s eighth-highest paid college football coach, according to figures compiled by USA Today and released Wednesday.
West Virginia’s Dana Holgorsen’s total pay of $3,080,000 ranked 23rd nationally, sixth in the 10-team Big 12.
Total 2014 compensation for Pitt’s Paul Chryst was not available. The university would not disclose the figure when contacted by the Tribune-Review.
Hired by Penn State to replace Bill O’Brien in January, Franklin’s $4.3 million annual compensation ranks third in the Big Ten behind Michigan State’s Mark Dantonio ($5,636,145) and Ohio State’s Urban Meyer ($4,536,640).
Alabama’s Nick Saban is the nation’s highest-paid coach at $7,160,187 in total pay, followed by Dantonio, Oklahoma’s Bob Stoops ($5,058,333), Texas A&M’s Kevin Sumlin ($5,006,000), Texas coach Charlie Strong ($5,000,270), Meyer and LSU’s Les Miles ($4,369,582).
Directly behind Franklin are Upper St. Clair High School graduate Kirk Ferentz of Iowa ($4,075,000) and South Carolina’s Steve Spurrier ($4,016,900) to round out the top 10.
USA Today requested compensation information from all 128 FBS schools and included base salary as well as other guaranteed income, deferred payments and certain bonuses.
The report includes information for 121 schools. Pitt was one of several whose information was available only for the 2012 season. Chryst’s salary that season was $1,578,757.
In addition to total pay, Franklin is eligible for bonuses of up to $1 million and Holgorsen $600,000. Chryst has no performance-based bonuses, per the report.
Penn State released the terms of Franklin’s contract upon his hiring.