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It sounds like James Franklin is about to get a new contract

It’s a good time to be James Franklin. Fresh off his first Big Ten championship, Franklin and the Nittany Lions return most of their loaded roster in anticipation of a run toward another B1G title and a possible College Football Playoff berth.

And if it’s a good time to be James Franklin, it’s also a good time to be Franklin’s accountant.

Speaking at a Nittany Lions coaches’ caravan event Monday, Penn State AD Sandy Barbour confirmed without confirming the school is working on an extension for its fourth-year head coach.

“Stay tuned,” she told PennLive when asked about a possible extension.

Franklin is presently under contract through 2019. He is set to earn $4.3 million this year before incentives. Last year’s conference title and Rose Bowl run was worth $5.4 million after incentives.

Franklin is 25-15 overall since arriving in Happy Valley, highlighted by an 11-3 mark last fall.