Ryan Day, Ohio State Agree to $12.5M AAV Contract Through 2031 After CFP Title Win

To the victors go the spoils, and Ohio State head football coach Ryan Day is reportedly benefiting greatly from the Buckeyes' College Football Playoff national championship.
ESPN's Pete Thamel reported Thursday that Day and Ohio State agreed to a new seven-year contract to keep him with the team through the 2031 campaign. The agreement added three years onto his contract that was already in place and will pay him an average of $12.5 million per season.
Landing a contract extension like this is the latest step in an incredible turnaround for Day over the course of the last two months.
After all, November's shocking home loss to a Michigan team that was so mediocre it went to the ReliaQuest Bowl felt like a possible breaking point for Day's tenure at Ohio State. It was his fourth straight loss to the school's hated archrival, and this one was particularly concerning since the offense managed 10 points against a team it was expected to blow out.
Criticism from the Buckeye fanbase reached an all-time high, and some national media members even said it was time for Ohio State to move on from its head coach.
While Day's overall record wasn't in question, the fact that Ohio State hadn't beaten Michigan since 2019 or won the Big Ten since 2020 just wasn't good enough for the high standards in place. It also fell short of a national title during CFP appearances in the 2019, 2020 and 2022 seasons.
And then everything changed.
Perhaps the Michigan loss woke the Buckeyes up because they steamrolled their way through the inaugural 12-team CFP.
First came a 42-17 destruction of the SEC's Tennessee in a game where Day may have realistically been coaching for his job since it was the first one after the loss to the Wolverines. Then came a 41-21 win over No. 1 Oregon in the Rose Bowl in a game that was 34-0 in the second quarter and not even as close as the final score indicated.
The Scarlet and Gray then went into Dallas and defeated the SEC's Texas Longhorns by 14 before an 11-point win over Notre Dame in the title game. All four wins came by double digits, and the champions trailed for fewer than seven total minutes during the course of the entire playoff.
While Ohio State fans undoubtedly want him to turn things around against Michigan, Day has now earned the benefit of the doubt after leading the program to the sport's mountaintop.
He also said during an appearance on The Steam Room podcast with Ernie Johnson and Charles Barkley, "Woody Hayes is the last (coach) to win multiple national championships at Ohio State. That's something I've now set for myself. To be the next head coach to win multiple national championships at Ohio State. There's still a lot more to be done."
It's quite the goal, but he now has the long-term stability to pursue it following this contract extension.