Chris Holtmann Net Worth, Salary and Contract

Chris Holtmann is a coach for Ohio State University's basketball team in America. Currently, he leads the team as the head coach. Holtmann started his coaching journey at Gardner-Webb in 2002 and worked there for five seasons. He then became an assistant coach at Ohio before returning to Gardner-Webb as the head coach. Later, he moved to Butler in 2013 as an assistant coach and eventually became the head coach. In 2017, Holtmann left Butler to become the head coach at Ohio State. He has been coaching for a long time and has a good record, guiding his teams in the Big Ten conference.

Chris Holtmann Net Worth

Chris Holtmann, the esteemed head coach, boasts a net worth of $7.15 million. Acquiring substantial wealth through his coaching profession, Holtmann's journey from a decade ago to now reflects his relentless dedication, catapulting him into the upper echelons of coaching success. His lucrative earnings have not only solidified his financial standing but also afforded him a life of luxury and accomplishment in the dynamic realm of college basketball coaching.

Chris Holtmann Career Earnings

Chris Holtmann has accumulated notable career earnings, with a reported net worth of $7.15 million. His financial success extends to his tenure as the former Head Coach at Butler University. As the current head coach at Ohio State, he commands an annual salary of approximately $3.8 million. While specific details about his lavish lifestyle, including luxury cars and other indulgences, remain undisclosed, Holtmann's total compensation encompasses media payments, equipment sponsorships, beverage endorsements, a monthly automobile stipend, ticket access, country club membership, and even the privilege of a private jet.

Chris Holtmann Salary

Chris Holtmann currently receives an annual salary of around $3.8 million, as reported by Buckeye Extra. The Board of Trustees approved a contract that allows for a salary increase starting in 2018, as revealed in documents obtained by Eleven Warriors. In addition to his salary discussions, Holtmann agreed to a substantial buyout clause, addressing the potential of his departure before completing four basketball seasons. His existing contract is set to conclude on June 30, 2025.

A noteworthy aspect is Holtmann's willingness to take a pay cut during the challenging times brought on by the COVID-19 pandemic. This decision, in solidarity with other coaches nationwide, helped Ohio State University cope with a projected $107 million deficit in the athletic department for 2020-2021. The collective effort included a 5% pay cut for head coaches, with Holtmann endorsing a reduction in his salary, reflecting a commitment to the university's financial well-being. In the unfortunate event of Holtmann's termination without cause, the university would owe him his full remaining salary, amounting to approximately $15 million if such an event occurred by April 1, 2024.

Chris Holtmann Contract

Chris Holtmann's coaching journey took a pivotal turn on June 9, 2017, when he left Butler to lead Ohio State's basketball program. In a recent announcement, Ohio State revealed a three-year contract extension for Holtmann, signaling a commitment to his leadership. With four years remaining after the 2023-24 season, the contract's average annual value stands at $3.5 million.

This extension, received in mid-March, incorporates a notable raise of $500,000, elevating Holtmann's annual compensation to $3.5 million, anchored by a $1 million base salary. The contract spans until June 30, 2028, with each year commencing on July 1. Noteworthy adjustments include an increase in Holtmann's annual base salary from $850,000 to $1 million and a boost in aggregate media payments from $1,365,000 to $1,665,000 effective July 1, 2025.

The contract outlines termination clauses, requiring Holtmann to pay specific amounts if he opts to terminate his contract. These range from $2,500,000 if terminated by June 30, 2023, to decreasing increments until reaching $250,000 in the final year.

Chris Holtmann Contract History

Chris Holtmann's coaching odyssey began in 2002 when he joined Gardner-Webb, progressing from an assistant to an associate head coach. After contributing two seasons as an assistant at Ohio, he returned to Gardner-Webb as head coach, orchestrating a successful rebuilding effort that led to the school's first Division I postseason appearance in 2013. Recognized as conference and district coach of the year, Holtmann's coaching prowess continued to shine.

In July 2013, Holtmann transitioned to Butler, initially as an assistant coach. However, by October 2014, he assumed the role of interim head coach, later becoming the permanent head coach in January. The pivotal moment came on June 9, 2017, when Holtmann left Butler to take the helm as the head coach at Ohio State. Recently, Ohio State announced a three-year contract extension, stretching the agreement until June 30, 2028, with annual adjustments, including a boost in Holtmann's base salary from $850,000 to $1 million.