The Buckeyes’ loss to Wichita on Saturday was disappointing to fans, but doubly so for those with financial stakes in the game. While Vegas odds were -5, with an over/under of 129 on Ohio State, (SOURCE: Examiner.com) Coach Thad Matta fared worse than fans whose brackets took a beating. He missed out on a $20,000 bonus for failing to advance.
Matta’s contract allows for the following March Madness bonuses:
- $40,000 for participating in the NCAA post-season tournament
- $20,000 for making it the Elite Eight regional finals; this provision includes an automatic one-year extension to his contract
- $20,000 for a making it to the Final Four
- $20,000 for winning the NCAA coach of the year award
According to Sports Illustrated, Matta is among the 10 highest-paid coaches in the nation. His $3.2 million annual contract, revised in late 2012, ends in 2019.