O'Brien receives raise from Penn State
Bill O'Brien is cashing in after leading Penn State to an eight-win season in 2012 and winning three national coach of the year awards.
O'Brien has been given a raise of close to $1 million and will make $1,932,779 this year when his new contract starts July 1. His total compensation will exceed $3.2 million due to TV and radio appearances and a Nike contract.
“In the face of great adversity, Bill did a tremendous job with all facets of the football program,” Penn State athletics director Dave Joyner said in a statement. “This rightly recognizes Bill's outstanding achievements in guiding our student-athletes on and off the field.”
Per the new contract, O'Brien will receive a base salary of $1,137,096 in 2014 and $1,650,994 in 2015 with annual five percent raises starting in 2016.
The two sides, according to the contract, can discuss an extension after the 2015 season. As part of the new deal, the four years added to O'Brien's original contract after the NCAA levied sanctions against the football program were eliminated.
“Dave and I had talked about revising coach O'Brien's contract at the end of the season and these discussions moved forward with my blessing and involvement,” Penn State president Rodney Erickson said in a statement.
O'Brien led Penn State to an 8-4 record last season despite an 0-2 start and the transfer of a handful of key players. The former Patriots offensive coordinator became a candidate for NFL head coaching jobs, and he had preliminary discussions with the Eagles and Browns before reaffirming his commitment to Penn State.
The Nittany Lions start training camp Aug. 5 and open the season Aug. 31 against Syracuse in East Rutherford, N.J.