COLUMBUS (AP) — New Ohio State basketball coach Chris Holtmann’s $3 million annual contract includes incentives for making the NCAA Tournament and ensuring his players get good grades.
Ohio State signed the former Butler coach to an eight-year deal to replace Thad Matta, who was fired June 5th.
The contract still has to be approved by university trustees, but Ohio State released the terms yesterday.
According to a report on ESPN.com, the contract includes a $40,000 bonus for making the NCAA tournament and $100,000 for winning the national championship.
Holtmann also gets $50,000 if his players maintain an average cumulative grade-point average of 3.0 and if they maintain a cumulative 3.5 average, he would make $150,000.