From: USAToday.com via AP –

The nine-year coach of the Buckeyes had his original contract, signed in 2006 and amended twice more, extended through the 2014 season on Tuesday.

“We wanted to reward Jim for his exemplary work with our football program and lock him in as our coach for an additional two years,” athletic director Gene Smith said.

Tressel, who is 94-21 at Ohio State, makes about $3.5 million a year, depending on incentives and additions. He will be 62 years old when the new extension ends.

He has said that he wants to coach as long as he enjoys it and feels he is effective. The Buckeyes are coming off an 11-2 season which was capped by a victory over Oregon in the Rose Bowl.

One portion of the new contract addendum provides Tressel with a university job as an associate athletic director if he steps down as football coach on good terms before his contract ends. He would be paid $150,000 a year.

His old contract offered him a faculty position upon retirement.

A paragraph in the new addendum also provides that when Tressel retires as football coach, he will receive six press box tickets to all home Ohio State football games — for life — along with two season tickets to all home men’s and women’s basketball games.

In the statement announcing the new extension, Tressel said it was an honor to work at…..

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