A new coach has jumped into the Top 5 highest paid after enormous contract extension

The Penn State Nittany Lions put together a fantastic season in 2016. While the program fell short in a wildly exciting Rose Bowl match-up against USC, the Nittany Lions emerged as Big Ten champions after a red-hot streak to finish the campaign and James Franklin helped to guide the program to 11 victories in a

The Penn State Nittany Lions put together a fantastic season in 2016. While the program fell short in a wildly exciting Rose Bowl match-up against USC, the Nittany Lions emerged as Big Ten champions after a red-hot streak to finish the campaign and James Franklin helped to guide the program to 11 victories in a season that many did not see coming.

On the heels of that performance, Franklin has been handsomely compensated according to a report from Bruce Feldman of Sports Illustrated.

SOURCES: James Franklin’s new deal approved w/ #PennState is for 6 YRs at an average of $5.8 million per. His buyout is $2 million this year

— Bruce Feldman (@BruceFeldmanCFB) August 18, 2017

Feldman brings word of a massive contract extension worth nearly $6 million annually and, if true, this would immediately rocket Franklin into the top five when it comes to highest paid coaches in the sport. It is fair to say that Franklin's new deal would not necessarily place him in the same stratosphere as Alabama's Nick Saban and Michigan's Jim Harbaugh in terms of compensation but, in the same breath, the Penn State head coach is being paid like an uber-elite coach.

In some ways, Franklin's ascent seemed very unlikely even a year ago but the impact of an 11-win campaign at a place like Penn State is immeasurable. It remains to be seen if he can build on that level of success but James Franklin is now firmly entrenched at the helm in Happy Valley.

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