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Urban Meyer Receives $160K Retention Bonus, Ohio State Contract Buyout Drops Nearly $6.1 Million

It is safe to say Urban Meyer is having a pretty good week.

Ohio State's head coach not only signed, sealed and delivered easily the best recruiting class in his now five-year tenure but he saw a considerable spike in his bank account. Just for remaining employed by the university through Jan. 31, Meyer is due a $160,000 retention bonus. Wednesday marked the start of a new year in his current contract, which is good through 2020. The contract year runs from Feb. 1 to Jan. 31.

The school also dumped $50,000 into Meyer's 403(b) Retirement Plan, as long as that sum did not change from when he signed an extension on April 6, 2015.