Ohio State extends Tressel's contract by 2 years
3/16/2010COLUMBUS — Ohio State has added two more years to Jim Tressel's contract.
The Buckeyes football coach has had his original contract, signed in 2008, extended through the 2014 season.
Tressel, who is 94-21 in his nine years in Columbus, makes around $3.5 million a year, depending on incentives and additions.
Athletic director Gene Smith said Tuesday that Tressel told him he was satisfied with his salary and is aware of the financial problems facing the school's athletic department and has not sought additional compensation.
Ohio State has raised football ticket prices $7, to a face value of $70, and has added another $1 to most men's basketball tickets to offset losses in the athletic department.
Tressel's extended contract is subject to the approval of the Ohio State board of trustees at its May meeting.