Ohio State rewards Day with new 7-year contract

Ohio State agreed to a new seven-year contract with head coach Ryan Day that pays out $12.5 million annually, the school announced Thursday, according to NBC Sports' Nicole Auerbach.

The deal, which runs through the 2031 season, will make Day the second-highest-paid coach in college football, according to Bill Rabinowitz and Joey Kaufman of The Columbus Dispatch. Only Georgia head coach Kirby Smart earns more.

Day was rewarded with a new contract after guiding Ohio State to a national championship this past season. The Buckeyes went 14-2 overall and reeled off College Football Playoff victories against Tennessee, Oregon, Texas, and Notre Dame.

The 45-year-old coach has compiled a 70-10 record as Ohio State's head coach.