Bo Pelini’s buyout payments reduced by Nebraska

Bo Pelini Youngstown State University football coach
Bo Pelini Youngstown State University football coach

YOUNGSTOWN, Ohio (WKBN) – Nebraska’s athletic department is saving about $1.4 million in contract buyout payments to Bo Pelini, now that he officially signed his contract with Youngstown State University just about a week ago.

Pelini was paid $3.1 million his final year at Nebraska before getting fired.  The original buyout payment that was set at $7.9 million has been reduced to $6.54 million.

With that reduction, Pelini will now receive $128,009 a month starting this month from Nebraska, until February of 2019. That’s nearly $22,000 less than the $150,000 a month he was supposed to get before being hired by the Penguins athletic department in December.

YSU is paying their new head football coach about $213,894 a year for the duration of the four year contract.

Pelini was given $51,519 by Nebraska for the month of April, which accounts for pay he received from Youngstown before signing his contract.

If Pelini’s pay changes at YSU, he must notify Nebraska within 30 days, so the Cornhuskers can recalculate his monthly payments. The Cardinal Mooney graduate will make his coaching debut on September 5th at Heinz Field, against the Pitt Panthers.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s