Ryan Day’s first 17 games as Ohio State’s head coach have seen 16 wins and one close, controversial loss, and so it’s no surprise when the Buckeyes announced Tuesday morning they have signed up for more.
Day has agreed to a 3-year extension that keeps him under contract through 2026, pending board approval.
After earning a comparatively modest $4.5 million in 2019, Day’s salary was bumped to $5.375 million retroactive to Feb. 1. Beginning July 1, Day will be paid an annualized rate of $6 million through Jan. 31, 2021. The university will also contribute $1 million to his retirement fund on Dec. 31.
Day will then earn $6.5 million for the 2021 season and $7.6 million in 2022. Compensation for Feb. 1, 2023 will be determined at a later date, but you can bet it’ll be a lot.
“Ryan Day’s management of this football program, from mentoring and leading our student-athletes in their academic pursuits and off-field endeavors to coaching them on the playing field, has been exceptional,” AD Gene Smith said. “I am appreciative of his work. And I want to thank President Michael V. Drake for his leadership and the Board of Trustees for its work with this extension.”
As always, stay tuned to The Scoop for the latest.