Ohio State Coach Urban Meyer receives lucrative contract extension

Urban Meyer signs contract extension with Ohio State after guiding program to national title

Ohio State Coach Urban Meyer sealed his long-term future with the Buckeyes in January after guiding the program to its first college football national title in more than a decade. On Monday, he was rewarded by the university.

Ohio State signed Meyer to a lucrative contract extension through the 2020 season that makes  him college football's second highest-paid coach, behind Alabama's Nick Saban.

Meyer's original contract with Ohio State ran through the 2017 season. His new deal will increase his pay for 2015 from $4.9 million to $5.8 million and increase his compensation each year. The contract changes and extension are expected to be officially approved at the university's next Board of Trustees meeting, scheduled for June 3-4.

"Urban Meyer has done an excellent job strengthening our culture of commitment to academics, career development and winning championships," said Gene Smith, vice president and director of athletics at Ohio State.

Since joining Ohio State in 2012, Meyer has led the Buckeyes to a 38-3 record. He has a 142-26 college coaching record, which includes three national titles.

"I am honored to serve as football coach at The Ohio State University and to represent this great university,” Meyer said in a statement.

Saban is college football's highest-paid coach, earning $7 million a year.

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