Former Nebraska coach Mike Riley will make $50,004 per year as Oregon State’s assistant head coach, according to documents obtained by Land of 10.
When Nebraska fired Mike Riley in late November, the former coach’s buyout was $6,630,000 — or $170,000 per month until Feb. 28, 2021. That total would be reduced if Riley were to obtain employment elsewhere, which he did in early December. Riley was named to new Beavers coach Jonathan Smith’s staff as assistant head coach with a “to-be-determined” position.
After he was fired by Nebraska on Nov. 25, Riley said he was open to coaching again. As the Omaha World-Herald reported, he would consider Oregon State if asked.
“Jonathan needs to enjoy being named head coach,” Riley said. “If there’s a fit somewhere — coach or consult — yeah, that’d be awesome. But it has to be the right fit for him.”
Despite finding new employment, Riley’s new contract with Oregon State breaks down to only $4,167 per month. That means Nebraska still owes $165,833 per month to the former coach.
Riley officially signed his new contract with Oregon State on Tuesday, Jan. 9.