Chris Holtmann, the current head coach of Ohio State University’s basketball team, has had a remarkable coaching career. His journey began in 2002 at Gardner-Webb, where he worked for five seasons before becoming an assistant coach at Ohio.
After a stint at Butler as an assistant coach and later the head coach, Holtmann took on the challenge of leading the Ohio State basketball program in 2017. His coaching prowess in the Big Ten conference has solidified his position as a respected figure in college basketball.
Chris Holtmann’s Net Worth
Chris Holtmann’s success on the court has translated into financial success, with an estimated net worth of $7.15 million. His decade-long dedication to coaching has propelled him into the upper echelons of coaching success, allowing him to enjoy a life of luxury and accomplishment within the dynamic realm of college basketball coaching.
Chris Holtmann’s Career Earnings
Holtmann’s financial success is further evident in his career earnings. As the former Head Coach at Butler University and the current head coach at Ohio State, he commands an annual salary of approximately $3.8 million.
This substantial income includes various components such as media payments, equipment sponsorships, beverage endorsements, a monthly automobile stipend, ticket access, country club membership, and the privilege of a private jet.
Chris Holtmann Salary
Chris Holtmann’s annual salary of $3.8 million, as reported by Buckeye Extra, is a testament to his coaching prowess and the value he brings to Ohio State University. The Board of Trustees approved a contract that allowed for a salary increase starting in 2018, with his current contract set to conclude on June 30, 2025.
A notable aspect of Holtmann’s commitment to Ohio State is his willingness to take a pay cut during the challenging times brought on by the COVID-19 pandemic.
In solidarity with other coaches nationwide, Holtmann endorsed a 5% pay cut for head coaches, contributing to the university’s efforts to cope with a projected $107 million deficit in the athletic department for 2020-2021.
In the unfortunate event of Holtmann’s termination without cause, the university would owe him his full remaining salary, amounting to approximately $15 million if such an event occurred by April 1, 2024.
Chris Holtmann’s Contract
Holtmann’s coaching journey took a pivotal turn on June 9, 2017, when he left Butler to lead Ohio State’s basketball program. In a recent announcement, Ohio State revealed a three-year contract extension for Holtmann, indicating a strong commitment to his leadership. With four years remaining after the 2023-24 season, the contract’s average annual value stands at $3.5 million.
This extension, received in mid-March, includes a significant raise of $500,000, elevating Holtmann’s annual compensation to $3.5 million, anchored by a $1 million base salary.
The contract spans until June 30, 2028, with annual adjustments, including an increase in Holtmann’s base salary from $850,000 to $1 million and a boost in aggregate media payments from $1,365,000 to $1,665,000 effective July 1, 2025.
The contract also outlines termination clauses, requiring Holtmann to pay specific amounts if he opts to terminate his contract, ranging from $2,500,000 if terminated by June 30, 2023, to decreasing increments until reaching $250,000 in the final year.
Chris Holtmann’s Coaching Odyssey
Chris Holtmann’s coaching odyssey began in 2002, progressing through various coaching roles at Gardner-Webb, Ohio, and Butler. His coaching prowess has been consistently recognized, culminating in successful rebuilding efforts and postseason appearances.
The pivotal moment in his career occurred on June 9, 2017, when he took the helm as the head coach at Ohio State.
Conclusion
Chris Holtmann’s salary, contract details, and impressive net worth reflect not only his coaching success but also his commitment to the Ohio State University basketball program. As he continues to guide the team in the Big Ten conference, his financial standing and coaching legacy remain noteworthy in the realm of college basketball.