LINCOLN — Bo Pelini’s base salary and marketing compensation from Youngstown State will decrease the Nebraska buyout payments to the former Husker football coach by $21,991 per month.
Starting with May, NU will be paying Pelini monthly installments of $128,009 through February 2019, according to information provided to The World-Herald through an open-records request.
Nebraska was able to agree to final terms with Pelini after he recently signed his four-year contract with Youngstown State, which will pay him $213,894 annually. Pelini made $3,075,000 in his final year at Nebraska.
“At this point, all parties are glad to have this resolved,” said David Witty, NU’s senior associate athletic director, marketing and communications. “Everyone can now go forward in their endeavors.”
All told, the Nebraska buyout will cover almost $6.54 million for Pelini, who was fired Nov. 30 after seven seasons as the Huskers’ head coach. NU would have owed around $7.9 million before calculating the mitigated earnings, which Athletic Director Shawn Eichorst previously said would come from department reserves.
Nebraska had been paying Pelini $150,000 monthly since his dismissal, as required by terms of his contract. NU will pay him $51,519 for April after adjusting for income already earned at Youngstown State, where he was hired on Dec. 16.
The $21,991 deducted per month comes from a combination of $17,824 in base salary and $4,167 in marketing compensation at Youngstown State. The marketing compensation, for $50,000 annually, covers television and radio, speaking engagements and sponsorships.
Should Pelini’s compensation change during the term of the agreement — either at YSU or elsewhere — Pelini is to inform Nebraska within 30 days and the university would adjust the remaining payments accordingly.
The agreement is signed by Pelini and John Jentz, NU senior associate athletic director/chief financial officer.
Pelini went 67-27 at NU, replacing Bill Callahan after the Huskers had gone 27-22 and twice missed bowl games over the previous four seasons.
The contract for Pelini, unlike that of Callahan, did not call for his compensation to be paid by a specified point. It also allowed for the amount still due to be mitigated by future earnings.
After Callahan was fired on Nov. 24, 2007, it was stated that NU had 60 days to pay him a remaining amount of $3.125 million, which it did in one lump sum on Jan. 22, 2008. Callahan just a few days earlier had taken a job as assistant head coach/offense with the New York Jets.
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