Following up on one of the worst-kept secrets in college football, and ahead of his scheduled introductory press conference, Ohio State issued a press release officially naming Urban Meyer as its next head coach.
Meyer, whose first coaching job was as a grad assistant with the Buckeyes, becomes the 24th head coach in the history of Ohio State football.
“I am honored and humbled by the opportunity to return to Ohio State,” said Meyer in a statement. “This University and the State of Ohio have enormous meaning to me. My duty is to ensure that Ohio State’s football program reflects and enhances the academic mission of the institution. I am part of it, I believe in it, and I will live it.”
Contrary to rumors of a seven-year, $35-$40 million contract, OSU released details of a six-year deal that will pay Meyer $4.4 million annually in guaranteed compensation. Additionally, Meyer will be eligible to receive annual supplemental bonuses based on the on-field and classroom performance of his team. The bonuses breakdown as follows, and are on a per-year basis:
- Academic Performance Rate (APR) of 990-999 — $100,000
- APR of 1000 or above — $150,000
- Graduation Success Rate (GSR) of 70-79.99% — $100,000
- GSR of 80% or above — $150,000
- Big Ten Leaders Division champ — $50,000
- Winner of Big Ten title game — $100,000, plus one year added to his contract
- BcS bowl appearance — $150,000
- BcS title game appearance — $250,000
“In Urban Meyer we have found an exemplary person and remarkable coach to lead the University’s football program into the future,” said Ohio State President E. Gordon Gee. “As an alumnus, he understands and believes in the core academic mission of the University. As an Ohioan, he shares our common values and sense of purpose.”
In addition to the contract details, OSU also announced that Luke Fickell will coach the Buckeyes in their bowl game and will remain on Meyer’s staff.
“I want to express my enormous gratitude to Luke Fickell,” said Gene Smith. “During the past several months, he has demonstrated true leadership and devotion to the University and his players. He will continue to be a great asset to our program.”