It includes a annual base salary of $1.58 million to be paid monthly, and Smith is eligible for annual merit-based increases. On top of that, he is due $480,000 annually for media appearances and public relations work while being eligible for up to $1250,000 in bonuses tied to academic and athletic team success. The new deal also includes a lump sum of $125,000 to be paid in July, and he is eligible for a $300,000 retention bonus if he remains at Ohio State through June 30, 2022. The following two years, that retention bonus is $200,000. It is $250,000 in 2025 and $300,000 in the final year. Smith is also entitled to use of a private airplane and other fringe benefits as well as two full family memberships to a local country club.
Continue Reading: Ohio State Buckeyes: Gene Smith up for contract extension
