Truth & Rumors > NCAA

James Franklin's contract tied to $31 million facility

Views
15703
Comments
58

10:08 AM ET 01.10 | There is a strong belief that Vanderbilt Commodores head coach James Franklin will be leaving the SEC to take over as the leading man of the Penn State Nittany Lions, but there is an interesting clause in his contract that could make it difficult to lure Franklin away from Vanderbilt. Apparently, the buyout that would be required to get Franklin out of his contract with Vanderbilt is tied to a $31 million indoor practice facility. If Franklin was to leave Vanderbilt, the team that brings him on board would be forced to pay off the remainder of the project.

FanSided.com

James Franklin, Getty Images James Franklin, Getty Images
January 10, 2014  12:49 PM ET

WOW............

January 10, 2014  12:51 PM ET

Nothing like paying off another team's brand-new practice facility to make you think twice about pilfering their coach.

January 10, 2014  01:14 PM ET

NOW, they reveal this...

January 10, 2014  01:16 PM ET

No Happy Valley ice cream for your daughters for some time to come, eh James?
It's OK. Nashville is a great place to raise your kids up.

January 10, 2014  02:01 PM ET

It's one thing to have a typical buyout clause and another to have THIS kind of 'buyout clause' in your contract. WEIRD...

January 10, 2014  02:11 PM ET
QUOTE(#5):

It's one thing to have a typical buyout clause and another to have THIS kind of 'buyout clause' in your contract. WEIRD...

Vandy knows they hit the gold mine with him as a coach and they don't' want to fall back into being the 2-10 Vandy of old.

January 10, 2014  02:15 PM ET

F'n mods...

Steal my comment and turn it into a thread..

And yet they want to delete my Account at times

January 10, 2014  02:17 PM ET

I'm not a lawyer, but I fail to see how two parties can make a binding contract that obligates a third party to do/pay anything. Now if the article said that Franklin was on the hook for the balance of the facility project, I could believe that. Can't believe Franklin would sign such a thing, but at least it sounds like an enforceable clause.
Can any of our house lawyers weigh in on this?

January 10, 2014  02:17 PM ET
QUOTE(#7):

F'n mods...Steal my comment and turn it into a thread..And yet they want to delete my Account at times

Nice covering of your tracks ... we always suspected you were a FN mole. ;-)

Comment #10 has been removed
Comment #11 has been removed
January 10, 2014  02:31 PM ET
QUOTE(#9):

Nice covering of your tracks ... we always suspected you were a FN mole. ;-)

I knew this was coming after i submitted

January 10, 2014  02:33 PM ET
QUOTE(#8):

I'm not a lawyer, but I fail to see how two parties can make a binding contract that obligates a third party to do/pay anything. Now if the article said that Franklin was on the hook for the balance of the facility project, I could believe that. Can't believe Franklin would sign such a thing, but at least it sounds like an enforceable clause.Can any of our house lawyers weigh in on this?

I'm not a lawyer but I play one on TV...sounds to me like Franklin wanted this commitment from Vandy and he wanted to be sure it would happen for the good of the program whether he was there for it's completion or not...

January 10, 2014  02:40 PM ET
QUOTE(#8):

I'm not a lawyer, but I fail to see how two parties can make a binding contract that obligates a third party to do/pay anything. Now if the article said that Franklin was on the hook for the balance of the facility project, I could believe that. Can't believe Franklin would sign such a thing, but at least it sounds like an enforceable clause.Can any of our house lawyers weigh in on this?

Isn't BB9 a lawyer? Docmadinajad too? Will try to locate.

January 10, 2014  02:41 PM ET
QUOTE(#12):

I knew this was coming after i submitted

Hit "submit" too quick, huh?


SEC speed has it's negatives on occasion.

January 10, 2014  02:45 PM ET
QUOTE(#8):

Can any of our house lawyers weigh in on this?

Prob not w/ out seeing the contract and seeing how it ties into the buyout.
And I believe the facilities are already built and cost @ $30mil.

You would think that could be negotiated of course. Or ship the money they got from the Texans to Nashville.

Question is what if PSU doesnt want to pay and Vandy is now stuck with a HC that really dont want to be there

January 10, 2014  02:55 PM ET
QUOTE(#16):

Question is what if PSU doesnt want to pay and Vandy is now stuck with a HC that really dont want to be there

I would not assume he "does not wanna be there if the deal falls through", although he could. I just would not jump to that conclusion.

January 10, 2014  03:00 PM ET
QUOTE(#7):

And yet they want to delete my Account at times

Manifestations of jealousy.

January 10, 2014  03:00 PM ET
QUOTE(#17):

I would not assume he "does not wanna be there if the deal falls through", although he could. I just would not jump to that conclusion.

I did say what if...

But my point was, if that buyout is the reason PSU goes into a different direction. Saying Franklin wants the job, PSU wants him but the buyout is too much. To me it means he doesnt want to be there.

 
Comment #20 has been removed

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    Woodson's next job
    Views
    3569
    Comments
    1100
  2. 2
    Lee on the Yankees' radar (Burnett, too)
    Views
    11126
    Comments
    529
  3. 3
    Rangers pegged as unsportsmanlike divers
    Views
    2350
    Comments
    274
  4. 4
    Heat rising on new sheriff Quintal
    Views
    3389
    Comments
    120
  5. 5
    Geno insists he'll beat out Vick
    Views
    5332
    Comments
    83

SI.com

SI Photos