The 53-year-old Riley will make a guaranteed base salary of $850,000 in the first year of the contract, rising incrementally to $1.1 million in the final year. The contract also has several bonus related contingencies (including number of wins, bowl games and academic success rate) that could raise Riley's total compensation in the first year to an estimated $1.245 million.
Riley's Oregon State Record
|1997||3-8||Total revamp of the program|
|1998||5-6||Best OSU record in 27 years|
|2003||8-5||Las Vegas Bowl Champions|
|2004||7-5||Insight Bowl Champions|
|2005||5-6||Five First Team All-Pac-10 selections|
|2006||10-4||Sun Bowl Champions|
Riley's contract also stipulates that a year will be added for every season
the team participates in a bowl game. A bowl game appearance will also trigger
bonuses for Riley's assistant coaches.
"We are thrilled to have Coach Riley under contract for the foreseeable future," De Carolis said. "The program has made tremendous strides on and off the field, and having stability at the top is a proven plan for future success. Coach Riley is a well-respected person and is a great ambassador for Oregon State University ."
Riley will enter his seventh year as the head coach at Oregon State this fall. He has led the program to a record of 38-34, including 30-20 over the last four seasons. The Beavers have won all three bowl games they have participated in under Riley, including last season's dramatic 39-38 victory over Missouri in the Sun Bowl. The three-game bowl win streak is the longest active mark in the Pac-10 Conference.
"We've done some very good things at Oregon State over the last few years and this is another sign of the commitment this university has to not only the football program, but the entire Athletics Department," Riley said. "I want to stress that this contract is as much about rewarding our talented group of assistant coaches as it is me. We are all very grateful to Oregon State University ."
Riley's Beaver Highlights
- December 13, 1996 – Named Head Coach at Oregon State
- September 6, 1997 – OSU scores 27 4th-quarter points to beat North Texas (33-7), earning him his first career collegiate victory.
- Oct. 10, 1998 – Riley gets first Pac-10 win with victory at Stanford (30-23).
- Nov. 21, 1998 – Still considered the best Civil War ever, OSU defeats Oregon in double OT (44-41).
- Feb. 19, 2003 – Named Head Coach for the second time at Oregon State.
- Dec. 24, 2003 – Defeats New Mexico in the Las Vegas Bowl (55-14).
- April 24, 2004 -- RB Steven Jackson selected in the first round of the NFL Draft.
- Nov. 20, 2004 – Defeats Oregon, scoring a then Civil War series record 50 points.
- Dec. 28, 2004 – Beats Notre Dame in the Insight Bowl (38-21).
- Oct. 15, 2005 – Defeats No. 18 California in Berkeley (23-20).
- Dec. 8, 2005 – WR Mike Hass and PK Alexis Serna earn national awards at the ESPN College Football Awards Show.
- Oct. 28, 2006 – Ends No. 3 USC's 27-game Pac-10 win streak with victory on national TV (33-31).
- Dec. 2, 2006 – Ends No. 24 Hawaii's 9-game win streak with victory at Honolulu (35-32).
- Dec. 29, 2006 – No. 24 OSU defeats Missouri in the Sun Bowl (39-38).