Bobby Petrino will apparently take a major pay cut from previous jobs to become the next head coach of the Missouri State Bears.
The university announced on Wednesday that Petrino will be introduced at a press conference on Thursday morning.
Yahoo! Sports national college football reporter Pete Thamel tweeted on Wednesday morning that Petrino will make $250,000 annually over a five-year contract.
Multiple reports have backed up Thamel’s tweet.
Petrino will reportedly make less money annually than Dave Steckel before he and MSU parted ways. Steckel made $270,000 annually.
The reported figure is a major pay cut from what Petrino made over multiple stops throughout his career.
Petrino was fired from Louisville in Nov. 2018. According to the terms of his buyout, the school owed him $14 million. It’s unknown if that changes with his hiring at Missouri State.
His initial contract before his second hiring at Louisville paid him $3.5 million annually over a seven-year deal.
Before Petrino’s return to Louisville, he spent one year as the head coach at Western Kentucky. His contract was a four-year deal with a base salary of $850,000 annually.
Western Kentucky was his first job since being fired at Arkansas.
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Petrino was given a contract extension following the 2010 season in which he led the Razorbacks to an appearance in the Sugar Bowl.
In that extension, he went from receiving $2.7 million under his previous contract to an average salary of $3.56 million. Petrino was fired “with cause” — meaning he didn’t receive an $18 million buyout that was detailed in his contract.
The story continues below.
Before Petrino joined Arkansas, he was the head coach of the Atlanta Falcons for 13 games until he resigned to become the head coach of the Razorbacks.
Petrino had a five-year deal that would have paid him $24 million with the Falcons.
His first head-coaching job was with the Louisville Cardinals from 2003-06 before he made the jump to the NFL. The figures behind his contract the first time with Louisville were not available at the time of publication.
The USA Today Network and Associated Press contributed to this report
Wyatt D. Wheeler is a reporter and columnist with the Springfield News-Leader. You can contact him at 417-371-6987, by email at firstname.lastname@example.org or join the conversation on Twitter where his handle is @WyattWheeler_NL. You can also sign up for his free “Bears Beat” newsletter by subscribing on News-Leader.com.