Ohio State to extend Ryan Day's contract two years through 2028, $9.5 million annually

Ohio State coach Ryan Day is expected to receive a two-year contract extension that will run through the 2028 football season and make him one of the top-five highest-paid college football coaches in the country, pending approval on Thursday from the Ohio State board of trustees.

Day's total compensation will increase from $7.6 million annually to $9.5 million, with a base salary of $2 million per year, according to a news release from the school. Alabama coach Nick Saban, USC coach Lincoln Riley, LSU coach Brian Kelly and Michigan State coach Mel Tucker also make more than $9 million annually.

Day, who was hired on Dec. 4, 2018, has led the Buckeyes to a 34-4 record, including a 23-1 run against Big Ten opponents. The loss came last season to rival Michigan in the regular-season finale. Michigan coach Jim Harbaugh's new five-year deal, which runs through the 2026 season and was announced in mid-February, is just over $7 million this year.

Day's teams have made two appearances in the College Football Playoff and have won two Big Ten championships (2019 and 2020) that extended a conference-record streak to four consecutive outright championships.

Day's program also has had four consecutive semesters with a team cumulative GPA of at least 3.0, according to the news release. The 2022 team features 14 players who have already graduated.

Ohio State on Wednesday also announced new contracts for men's basketball coach Chris Holtmann and women's basketball coach Kevin McGuff. Holtmann will receive a three-year contract extension that will take him through the 2027-28 season. His annual salary increased $500,000, which makes his total annual compensation to $3.5 million with a base salary of $1 million per year.

Holtmann has led