Nebraska athletic director Bill Moos will make $1 million per year and his salary will rise $50,000 annually to $1.2 million in 2022, according to documents obtained from the university by Land of 10’s Erin Sorensen.
Moos signed the contract on Friday and said the school has been on his radar for 25 years.
The contract comes with plenty of incentives, including a $150,000 bonus for a football national title, $100,000 for a Big Ten title, and up to $125,000 in bonuses for achievement in overall athlete APR and Directors Cup all-sports standings.
His buyout, should he opt for that, is $2 million prior to the end of 2018 and decreases by $500,000 each year after that.
Moos’ hiring comes after the university fired former AD Shawn Eichorst in September.
Eichorst had no incentives in his contract and his retention bonus was $750,000. If Moos stays five years, he’ll earn an extra $1.25 million.
Interesting. If Bill Moos stays at Nebraska 5 years, he'll receive $1.25million. Eichorst's retention bonus when he took the job? $750,000.
— Erin Sorensen (@erinsorensen) October 17, 2017