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.