James Franklin is expected to receive a contract from Penn State worth up to $4.5 million a year, according to a source, making him the Big Ten's second-highest-paid coach behind Ohio State's Urban Meyer.
Penn State coach Bill O'Brien amended his contract last summer with the intent to lower the buyout any NFL team would have to pay the school and make it easier for him to jump to the pros, a review of the Nittany Lions coach's contract shows.
Penn State will not renew the contract of athletic director Tim Curley, who has been on leave since being charged last year with perjury and failing to report a child sex abuse allegation against Jerry Sandusky.
Veteran Penn State football coach Joe Paterno began talks that resulted in a sweetened retirement contract in the same month that he testified before a grand jury in the Jerry Sandusky sex-abuse case, and all members of the board of trustees weren't infor
Penn State has agreed to provide millions in payments and benefits to Joe Paterno's estate and family members under the late football coach's employment contract, although a family lawyer says the Paternos did not sign away their right to sue.