BLACKSBURG, Va. Virginia Tech announced the term sheet of James Franklin's contract days after naming him the 36th head football coach of the Hokies.

The five-plus year agreement is valued at a total of $41,750,000 in compensation from Virginia Tech.

Franklin will earn an average of about $5 million each of his first three years, $12.75 million in year four and $13.25 million in year five.

The contract includes bonuses for a certain number of wins:

If Franklin leads the Hokies to a conference championship game, he will receive $75,000. If they win the ACC title, he gets $150,000. There are also bonuses factored in for playoff game appearances and wins, with the potential for Franklin to earn as much as $800,000 if the Hokies were to win a national title.

Additionally, Franklin can ear

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