The Ohio State Buckeyes recently released the full contract for head football coach Urban Meyer, and The Plain Dealer posted with a ton of information on it. Of particular note is the fact that the Buckeyes will pay Meyer a bowl bonus for this season if the football team meets the requirements based on record and things of that nature, though the Buckeyes are banned from playing in a bowl this season due to NCAA violations from the past regime.
On top of that, the contract includes an out for Meyer to earn $1.5 million per year for the remaining years of his deal if he decided to opt-out of his position. He can opt-out only if the school receives more violations for past issues, before Meyer took over.
Meyer's contract includes raises that require approval by the OSU Board of Trustees each year, and he'll receive a $250,000 signing bonus, too. There are retention bonuses in 2014, 2016 and 2017, for a total of $2.4 million, according to the piece. As such, it would all equal out to Meyer making $4.44 million per year over a six-year term, which was what was initially outlined when the announcement was made that Meyer was coming on board.
There are other bonuses, which are mostly on-the-field things, such as the $100,000 bonus for winning the Big Ten Championship game, or the $50,000 bonus for winning the Big Ten Leaders Division. There are bonuses for $150,000 and $250,000, for going to a BCS Bowl and the BCS National Championship, respectively. More details can be found here.