Now Thad’s a good deal: Matta gets new contract from OSU
Columbus, OH (Sports Network) – Ohio State head men’s basketball coach Thad
Matta received a new contract on Friday, signing an eight-year deal that is
worth over $20 million.
Matta’s new contract, which is retroactive to July 1, will keep him with the
Buckeyes until the conclusion of the 2015 campaign and pay him $1,889,400 this
year and increase each year until he makes $2,630,500 in his final season.
His former deal had him with the school through the 2012 season.
“More than anything, I think it sends a clear message about their belief in
Ohio State basketball and the direction we collectively are trying to move
this program toward in the future,” said Matta, whose team is currently under
probation from the NCAA for recruiting violations that occurred under former
head coach Jim O’Brien.
The Buckeyes went 26-6 last year, winning the Big Ten’s regular season title
and advancing to the second round of the NCAA Tournament as the two seed.
After spending one year at Butler and three at Xavier, Matta has compiled a
46-18 record in two years at OSU. During his first season, OSU did not
participate in postseason play because of the violations under O’Brien.
“Thad Matta has an extraordinary gift,” OSU director of athletics Eugene Smith
said. “His energy and enthusiasm are both tangible and contagious, and his
results speak for themselves. He is a master coach, and teacher, and a highly
positive influence on the young men in the program. We are immensely proud to
have him as our coach.”
Matta has an overall record of 148-49 and is just one of two current coaches
nationally to record 20 or more victories in each of his first six seasons as
a Division I head coach. Gonzaga’s Mark Few, who has done it seven straight
years, is the only other coach to do so.