Tuesday, November 29, 2011 at 11:53 AM
Urban Meyer speaks to the media after being introduced as the new head coach of Ohio State football on November 28, 2011 in Columbus, Ohio
Ohio State University signed former University of Florida football coach Urban Meyer to a six-year contract worth a minimum of $24.25 million over six years. That doesn't include additional perks worth millions of dollars -- like access to a private airplane. Or another $7.5 million in bonuses for sticking around at Ohio State, making bowl appearances or having the team reach certain academic goals.
Meyer's compensation, which puts him in the upper echelon of coach compensation, is evidence of escalation in the college football arms race. Ohio State University President E. Gordon Gee said Meyer will be the fourth-highest paid coach in the nation. Meyer will make more than three times more than Gee, and $250,000 more than former coach Jim Tressel would have earned this season.
Scroll down to read Meyer's actual terms of employment.
Beyond his base salary and bonuses, Meyer gets:
Back in August, university President E. Gordon Gee called the system for compensating college football coaches "broken." When Meyer signed his contract on Monday, Gee's message was different:
On Monday, Mr. Gee called Mr. Meyer’s contract “a mark of our dignity and nobility.”
“I’m not certain I’ve ever made as much as a football coach,” Mr. Gee said in a telephone interview. “We live in a world of markets and opportunities. A number of surgeons here make more than I do. I’m about having the best physics faculty, the best medical school faculty and the best football coach.”
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