Andover native and Penn State head football coach Bill O’Brien has agreed to an amended contract that will raise his pay by nearly $1 million for his second season as football coach, the university announced yesterday.
The changes in his contract include a boost in salary for the contract year beginning July 1 to $1,932,779, an increase of more than double his first-year base pay of $950,000. The university will pay him $935,279 of that figure in one lump-sum payment within three days after “the execution and delivery of this contract.”
Athletic director Dave Joyner said the new provisions in the contract were added to honor O’Brien’s “tremendous job with all facets of the Penn State football program,” one of which was an 8-4 record.
O’Brien’s base pay will be $1,137,096 in the year that begins July 1, 2014, and $1,650,994 the next year. A 5 percent hike for July 1, 2016 would boost his base to $1,733,544. O’Brien signed a five-year contract on Jan. 6, 2012.
Another new provision covers O’Brien’s buyout if he is to take another job, which differentiates if the job is with an NFL team or another college team.
If O’Brien takes an NFL job, he would have to pay back just his base salary for each year over the remainder of the contract. However, if he were to go to another college, he would have to pay an additional $1.35 million — $1 million for radio, TV and public appearances and $350,000 for the shoe and apparel deal with Nike — for every year of the contract.
The amendments to the original contract also address the sanctions that the NCAA imposed last July, especially the performance incentives that O’Brien was to receive for leading Penn State to the Big Ten championship game, a bowl or the BCS championship game, all of which are not available to the Nittany Lions through 2016.