The fully unveiled version of Jake Diebler's contract with Ohio State sets his buyout at 65%.
Ohio State released its full contract details with Jake Diebler on Thursday, unveiling a balanced buyout structure for both parties.
Should the Buckeyes terminate Diebler without cause prior to the end of his five-year contract, they will be responsible for 65% of his salary through the conclusion of the remaining contract term. With the newly minted head coach set to make $2.5 million in salary each year, that would equate to a buyout of roughly $1.625 million per year remaining, or just more than $135,000 per month.
If Ohio State were to let Jake Diebler go tomorrow, the program would be on the hook for less money than it owed former head coach Chris Holtmann for his buyout in February. Holtmann's buyout concluded at $12.8 million, though histo be the head coach at DePaul mitigated some of that cost. Under the current language, if the Buckeyes elected to fire Diebler tomorrow, they'd be responsible for roughly $8 million.
Should Diebler terminate his contract with Ohio State before its April 30, 2029 conclusion, he'll owe the Buckeyes the following amounts:$3 million if he terminates the contract after April 1, 2025, but before April 1, 2026The full terms of Diebler's contract also include a $1,200 monthly automobile stipend, 12 tickets to each Ohio State football game and 30 tickets to each Ohio State basketball game.
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