Gene Smith says he regrets giving Chris Holtmann a three-year contract extension in 2022, which will force Ohio State to pay Holtmann $12.8 million in buyout money.
Ohio State owes Chris Holtmann $12.8 million in buyout money after firing him on Wednesday. But it didn’t have to be that way.three-year contract extension in 2022
Holtmann’s original contract would have expired after next season, which would have left Ohio State on the hook for only about $3 million total. Instead, Ohio State is obligated to pay Holtmann more than four times that amount, though that amount could be mitigated by Holtmann’s new salary if he lands another coaching job elsewhere.
“Of course you do,” Smith said Wednesday. “I have many regrets in my lifetime. I've been doing this a long time. If I could fix all the regrets that I have in my life, I’d fix them all. But certainly, that’s one of them.” in the country in 2022. Results did not follow that contract extension, however, as Ohio State went just 16-19 in 2022-23 and now appears destined to miss the NCAA Tournament for the second year in a row.– Gene Smith on giving Chris Holtmann a contract extension
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