Men’s Basketball: How much does Ohio State owe Holtmann?

Lauryn Luderman
Wed, 14 Feb 2024 19:37:29 +0000
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Ohio State head coach Chris Holtmann questions an official about a foul call during the Buckeyes’ 76-73 loss to Indiana at The Schottenstein Center Feb. 6. Credit: Caleb Blake | Photo Editor

Chris Holtmann has officially been fired, now what?

Ohio State owes Holtmann $12.8 million dollars, according to a press release from the athletic department, following the Wednesday announcement that Holtmann and the Buckeyes are severing ties.

Upon Holtmann’s 2017 hiring, he signed a contract through the 2024-25 season worth $3 million a year. In March 2022, Holtmann agreed to a contract extension that included a $500,000 annual raise and extended his leadership through the 2027-28 season.

Because Holtmann was terminated four years prior to the end of his contract, Ohio State will now buy out the remainder of his agreement, which draws near to $13 million.

The search for Ohio State’s next head coach is ongoing, but assistant coach Jake Diebler will act as the interim.