Ohio State AD Smith gets bonus-laden deal
Jan 30, 2014 at 10:44a ET
COLUMBUS, Ohio (AP) -- Every time an Ohio State athlete or team wins a national title -- in track, swimming, fencing, rifle, pistol or any of 24 other non-revenue sports -- athletic director Gene Smith will receive a bonus of $18,000 to $36,000 under terms of the new contract extension announced earlier this week.
Smith could earn more than $1.5 million a year in salary and bonuses under the pact that runs through June 2020.
If the Buckeyes football team plays in a major bowl game or the men's or women's basketball teams make it to the Final Four, Smith will receive four times his weekly base salary, or more than $72,000.
Smith also received the additional title of university vice president and has oversight of Ohio State's facilities, marketing and branding.