Posted a thread about this, but tressel got a new contract, just announced on dispatch.com
Tressel, OSU agree to 7-year contract
Coach to earn $2.45 million a year
The Columbus Dispatch
Thursday, May 18, 2006 4:01 PM
Ohio State football coach Jim Tressel has agreed to a new contract that runs through 2012 and will pay him an average of $2.45 million annually for seven years.
After the contract is signed, Tressel will receive $1,878,900 and a $500,000 signing bonus in the first year, making his total compensation that year $2,378,900. He will receive $2,675,900 in the final year of the contract.
Tressel, 53, whose new deal is retroactive to Feb. 1, had been under contract through 2009.
"Jim Tressel is one of the finest football coaches in the country, and we felt it was important to get him near the top nationally in terms of compensation. This contract accomplishes that goal," OSU athletics director Gene Smith in a statement.
Tressel is 50-13 in five season at OSU. He led the Buckeyes to the 2002 national championship and has two Big Ten co-championships and four bowl victories, including three Bowl Championship Series wins in as many tries. He is 4-1 against Michigan and 4-1 in bowl games. "Obviously, I am delighted with the new arrangement, and I want to thank Gene Smith and school president (Karen) Holbrook for their support," Tressel said in a statement.