Ohio State alters Smith’s bonuses

Published 5:31 pm Sunday, February 1, 2015

COLUMBUS (AP) — Ohio State’s board of trustees has altered the contract of athletic director Gene Smith to pay him the same amount without incentives of about $18,000 for each Big Ten championship won by Buckeyes teams and individuals.

The university says in a release Friday that the new pact, which runs from Feb. 1, 2015, through June 30, 2020, emphasizes academic performance and career development.

His base salary remains $959,263, with bonuses that still can add up to $130,000 per year for teams meeting cumulative grade-point average goals and athletes winning academic awards. Starting in 2016, he can also get a bonus for the annual percentage of athletes who, after graduation, get jobs in which degrees are required.

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Smith became AD in 2005.