Despite recent setbacks, Ohio State appears committed to retaining Ryan Day as their head coach. However, the question of his potential departure has raised eyebrows, with speculation about the financial implications.
If the Buckeyes were to part ways with Day in the current year, they would be obligated to pay the head coach a substantial sum, estimated at nearly $50 million, as reported by USA TODAY.
The Columbus Dispatch further details that if Ohio State were to terminate Ryan Day’s contract in 2023, they would owe him a staggering $46.22 million. This hefty figure places Day’s buyout as the ninth-highest in college football, standing as the third-highest within the competitive Big Ten conference.
Ryan Day, despite recent challenges, boasts an impressive career record of 56 wins and 7 losses. He has secured his place among the most successful head coaches in college football history, although his seven losses have occurred in high-stakes matchups, including the last three encounters against arch-rivals Michigan.
Day’s coaching tenure is governed by a lucrative five-year contract worth $47.5 million, solidifying his position as one of the highest-paid coaches in the nation, with an annual salary of $9.5 million.
As Ohio State navigates the intricacies of their football program’s future, the financial commitment tied to Ryan Day’s contract underscores the significance of their decision-making process, balancing both performance and investment in the head coach’s tenure.