Extra incentive
Tressel's rich contract, larded with all kinds of perks, accurately reflects the state of the market for big-time football coaches
Sunday, April 18, 2010
By Ken Gordon
THE COLUMBUS DISPATCH
When Ohio State football coach Jim Tressel leaves for work every morning, he drives a car provided free of charge by the university.
When he's done working, he can drive over to catch a men's basketball game, using one of four season tickets OSU gives him every year.
Or he can head over to Scioto Country Club, where Ohio State pays his annual membership dues.
If he really needs to get away, he can summon a private plane. OSU provides him personal use of a private plane for up to 20 hours a year.
The basic terms of Tressel's contract are well-known - he will earn $3.472 million this year in a combination of base salary ($627,000), media responsibilities ($1.375 million), apparel contracts ($1.02 million) and an annual bonus ($450,000).
Those figures will rise to a total of $3.727 million in the final three years of his deal, which was recently extended through the 2014 football season.
But Tressel's deal is worth significantly more than that, considering the value of his benefits and perks.
Throw in things such as an annual payment to a retirement fund ($40,000), the use of 40 tickets for each home football game (valued at $14,560), cars for him and his wife ($21,240), the country club membership ($9,796) and use of the plane ($100,000), and the total value of Tressel's 2010 contract tops $4.1million.
This is hardly unique. The salary and perks are typical for big-time college football coaches these days.