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The loss to Michigan Talk about University on Saturday and receiving bumped from the national championship game will cost Ohio State University go football coach Urban She $350,000 in bonus installments, according to his contract.
Meyer's 6-8 year contract with OSU calls for a new $250,000 payment if his or her team makes it to a national title game and $100,000 reward if the Buckeyes win the Big 10 championship game. Both of these options came to a halt for this season when the Spartans overcome the Buckeyes 34 24 on Lucas Oil Stadium in Downtown indianapolis, snapping Ohio State's Twenty four game winning streak.
Try not to worry. The Meyer loved ones will still be OK this winter season.
Meyer is due $650,000 around bonus payments in forthcoming months: a $450,000 storage payment, $50,000 for receiving the Big Ten Leaders Division title and $150,000 check out the Bowl Championship to allow only trusted sites to set them 653 Series activity appearance. That's all in addition to his $4 million a year reimbursement package.
Meyer is one of the largest paid head coaches attending school football.
His contract even offers for $14,400 a year automobile stipend, a golf club membership, 12 le meilleur Deux mois plus tard seats and a suite for each dwelling game, plus 50 several hours of private jet travel for university business and Thirty five additional hours for personal use. These perks are standard throughout coaching contracts among prime tier football programs.
Meyer also pockets bonuses based on the average grade point of his or her players: $50,000 for a 3 or more.0 average, $100,000 to get a 3.3 and $150,A thousand for a 3.5.
Meyer's won two national championships as head coach for the University of Florida in 2006 and 2008 before Ohio State hired him in Late 2011 to rebuild it's storied football program.
OSU set up the contract to give Meyer need to be loyal to Ohio State. As well as the intelligente minderheid  56 $450,000 retention payment thanks early next year, he will be compensated $750,000 oder an Dritte verkauft  84 if he is continue to coach in January 2016 along with $1.2 million if he continues to be through January 2018.
Ohio State athletics program is one of merely six programs nationwide that is definitely self sustaining, in large part mainly because football is a cash cow. Consequently Meyer's compensation comes out of money generated from the football program, not necessarily student tuition or expenses.
Last fiscal year, a OSU athletics department transferred almost $30 million in surplus revenue to the university.
  
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