Tressel's $1M pay raise puts OSU coach in elite group
Dayton Business Journal - by Jeff Bell DBJ Contributor
Ohio State University football coach Jim Tressel has received a $1 million-plus a year raise on the eve of the Buckeyes’ season opener Aug. 30.
Tressel has agreed to an amended contract that will make him the highest paid coach in the Big Ten conference, said a release from the university Friday. It will boost his annual pay to $3.5 million next year, more than $1 million-a-year more than his previous deal with Ohio State.
He will also receive annual pay increases of 3 percent to 4 percent under a contract that will run until Jan. 31, 2013.
The deal will place Tressel among the nation’s top 10 college football coaches in terms of pay, OSU Athletics Director Gene Smith said in the release.
“Because of our overwhelming regard for Coach Tressel’s contributions to Ohio State and our football program,” Smith said, “we made a commitment toward keeping him number one in the Big Ten and among the top coaches nationally.”
Five other college football coaches were known to make more than $3 million last season, according to the Wall Street Journal. One of them, the University of Iowa’s Kirk Ferentz, coaches in the Big Ten. The others are the University of Alabama’s Nick Saban, Oklahoma University’s Bob Stoops, University of Florida’s Urban Meyer and University of Notre Dame’s Charlie Weis.
OSU’s release said Tressel’s new agreement has updated language in a number of other areas, including youth summer camps, jet hours for recruiting and personal use and termination-for-cause provisions. It also said Tressel’s salary is paid entirely through athletics department funds, with no public funding used.
Tressel will begin his eighth season as OSU’s football coach Aug. 30 when the Buckeyes host Youngstown State University. His teams have played in three national championship games, winning the 2002 title, and won four Big Ten championships. His overall record at Ohio State is 73-16.
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