If the Ohio State Buckeyes win the National Championship on Monday, Head Coach Jim Tressel stands to benefit financially:
SCOTTSDALE, Ariz. (AP) — If top-ranked Ohio State beats Florida to win the national championship on Monday night, coach Jim Tressel will likely get a lot richer.
Tressel’s current contract specifies he can begin negotiations on a new agreement just six months after signing one that will pay him more than $2.6 million this season.
“Whether we win it or not, I’m going to sit back and say, ‘Where are we? What have we accomplished?”‘ Ohio State athletic director Gene Smith said Wednesday.
Smith said he will review Tressel’s compensation package and compare it to coaches around the Big Ten and the nation while weighing Tressel’s success on the field, his players’ academic progress and other factors.
Tressel’s seven-year contract, signed June 30, 2006, includes a $200,000 bonus for getting the Buckeyes into the national championship game.
The contract states that if Ohio State wins that game, “coach and university agree to begin negotiating, in good faith, the terms of a new employment agreement that would supersede this agreement.”
Given the $ 4.5 million per year that Nick Saban is getting from Alabama, Tressel could be in for a big raise.
