On Monday morning, Oregon State announced that the school and head football coach would mutually part ways. In doing so, Andersen agreed to waive the remaining compensation in his contract, which adds up to $12,630,555.
$12,630,555: What Oregon State head coach Gary Andersen was guaranteed thru 2021.
He agreed to give that $ up to leave the school today. pic.twitter.com/e0QHXowd5S— Darren Rovell (@darrenrovell) October 9, 2017Andersen first signed a six year contract with Oregon State in December of 2014 with a base salary of $2.45 million per year, with his salary set to increase by $100,000 each year he remained at the school.