Ohio State coach Ryan Day, who led the Buckeyes to the national championship just over two weeks ago, has agreed in principle to a seven-year contract valued at $12.5 million a year, the school announced Thursday.

Ohio State and coach Ryan Day have agreed to a seven-year contract extension, the school announced Tuesday. The new deal, which is set to run through the 2031 season, bumps Day's salary to around $12.

After leading Ohio State to the national title, Buckeyes coach Ryan Day has agreed to a new contract that is set to make him the country's second-highest-paid head coach.