Earlier today the Omaha World Herald reported that the University of Nebraska-Lincoln Board of Regents extended Mike Riley’s contract in early August by one year.
The extension extends Mike Riley’s contract through the 2020 season keeping his contact at least four years away from expiring. What many fans may not know is that four years is the standard length of a football coaches contract during the modern football era and signals a sense of stability to those outside the program.
Riley is set to make 2.9 million in 2017 and the value of his contract raises $100,000 annually ending at 3.2 million in 2020.
In 2017, that is $2.9 million. That means by 2020, Riley will be earning $3.2 million when the contract expires.
Athletic Director Shawn Eichorst had this to say about the extension:
“The extension given to Mike is indicative of our great belief in his leadership of our program, and in our future with him at the helm.”
NU President Hank Bounds commented that the value of the contract hasn’t changed and that the Board of Regents plans to visit the topic again this December.
“I have great confidence in Mike, to extend his contract to four years,” Bounds said. “I expect us to compete, and I have every confidence that we’ll extend it again in December,” said Bounds.
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