The former penn state coach was originally owed a $49 million buyout after being fired, but part of his deal with the hokies. College football fans on x were thrilled with the virginia tech hokies hiring former penn state coach james franklin as their new head coach. Penn state and james franklin agreed to reduce the former head coach's historic buyout from $49 million to $9 million after he was named skipper of virginia tech on monday morning. Virginia tech hiring james franklin Virginia tech and james franklin have finalized a deal to make him the hokies' next football coach, the university announced on monday Blacksburg — signaling a new era for virginia tech football, board of visitors rector john rocovich, president tim sands and director of athletics whit babcock announced the hiring of james franklin as the next head coach of the hokies
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