Ohio State AD Could Make More Than $1.5M Annually

AthleticBusiness.com has partnered with LexisNexis to bring you this content.

Copyright 2014 The Columbus Dispatch
All Rights Reserved


The Columbus Dispatch (Ohio)

Ohio State athletic director Gene Smith could earn more than $1.5 million a year in salary and bonuses under his new proposed contract.

On top of a base salary of more than $940,000, Smith would be eligible for $630,000 in bonuses and perks. Last year, Smith's base salary was $857,000, but his pay could have totaled more than $1.3 million with all potential bonuses in his contract. OSU trustees are to vote on Friday on Smith's promotion and contract extension, which would expire in 2020.

Bonuses for athletic goals increase in the contract. For example, if a basketball team makes it to the Final Four or the football team plays in a major bowl game, Smith could receive bonuses up to $120,000. He could earn up to $120,000 more if teams win Big Ten championships. Both of those bonuses previously topped out at $100,000 a year.

If athletes meet academic goals, Smith could be paid another $60,000 a year, a $10,000 increase over the current contract. A new perk, related to Smith's new role as a university vice president, provides up to $50,000 a year for business achievements that aren't specified in the contract.

Other bonuses include $200,000 for dealing with reporters and attending promotional events, $14,000 a year to pay for two vehicles, $5,000 for his wife's travel expenses, a full membership for Smith and his family at a local country club, a social membership at another local country club, and full membership at the university's Faculty Club.

All of Smith's compensation is paid by the athletic department.

[email protected]

@cbinkley

  January 30, 2014

 
Copyright © 2014 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.
Terms and Conditions Privacy Policy
Page 1 of 45
Next Page
AB Show 2024 in New Orleans
AB Show is a solution-focused event for athletics, fitness, recreation and military professionals.
Nov. 19-22, 2024
Learn More
AB Show 2024
Buyer's Guide
Information on more than 3,000 companies, sorted by category. Listings are updated daily.
Learn More
Buyer's Guide