The Omaha World-Herald, in this report, quoted University of Nebraska President Hank Bounds that Nebraska Cornhuskers Head Coach Mike Riley has agreed to a one-year contract extension, going through at least the 2020 season.
The WH, who discussed the contract extension with Bounds, states that there should be a probability that by December, Riley will get another year-long extension.
Riley’s contract does not include a significant raise, which means that each year would increase the value of the contract by $100,000. When Riley signed his initial deal in 2015, his first year’s salary was $2.7 million. In 2017, that is $2.9 million. That means by 2020, Riley will be earning $3.2 million.
When contacted by the WH and Lee Barfknecht, Riley stated this:
“I am honored to be the head football coach at the University of Nebraska, and I am so appreciative of the continued support and confidence in me and what we are doing, shown by Shawn Eichorst and our administration.”
Nebraska Athletic Director Shawn Eichorst added this:
“The extension given to Mike is indicative of our great belief in his leadership of our program, and in our future with him at the helm.”
While it doesn’t guarantee that the 64-year-old Riley will be at the university through the life of his contract, it does show that Bounds, Eichorst, and Chancellor Ronnie Green were willing to extend Riley to take care of any lingering questions in things like recruiting and such. Nebraska Basketball HC Tim Miles did not get a contract extension after last season, a move which was blasted by some local media.