James Franklin's new contract with Virginia Tech will net the former Penn State coach at least $41.75 million over the next five years, according to a term sheet released by the school Friday, but the details of the contract also offer a nod to a new world of revenue distribution.

Franklin's deal, which runs through 2030, is largely backloaded, with Virginia Tech on the hook for $6 million for the 2026 season and up to $13.25 million for 2030.

But there are perks for Franklin, including bonuses of up to $800,000 annually based on Virginia Tech's TV viewership. This dovetails with the ACC's new revenue distribution model that rewards schools with a larger slice of the financial pie based on TV ratings.

Virginia Tech, which approved an increase to its total athletics budget of $229 m

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