After leading Ohio State to a national championship, football coach Ryan Day has agreed in principle to a contract extension through 2031, the school announced Thursday. Day will earn $12.5 million in annual compensation,

Ryan Day’s contract extension at Ohio State would make him the second-highest-paid football coach in the country behind Georgia’s Kirby Smart.

Ohio State head coach Ryan Day had his contract extended through the 2031 season with a salary increase that averages $12.5 million in annual compensation, the school announced on Thursday. The move comes just over two weeks after Day’s Buckeyes won the College Football Playoff national title.