After one season at the helm, Jacie Hoyt’s contract is being amended.
After a successful 2022-23 season where the Cowgirls finished 21-12 overall, 10-8 in the Big 12 and reached the NCAA Tournament, OSU women’s basketball coach Hoyt is receiving an extension. The total contract is now worth $3.25 million over the next five years.
Here are the details of the contract extension obtained by The O’Colly on Monday.
Hoyt signed a one-year extension on her previous contract. The new deal expires June 30, 2028. Hoyt’s annual salary is increased from $500,000 to $650,000.
Performance incentives established in the initial contract remain but are now potentially more lucrative. There are two ways Hoyt can earn bonuses.
Each NCAA Tournament appearance nets her 8% of her total compensation. Each additional NCAA Tournament win kicks in a 4%.
The other way Hoyt can earn an incentive is by winning the Big 12 regular season championship or the Big 12 tournament championship. Winning either title would earn her 16% total compensation.
Additional non-cash benefits provided to Hoyt are tickets to OSU football and men’s basketball games and a membership at Karsten Creek Golf Course.
Hoyt’s contract has a buyout. If she pursues another Big 12 job without written permission from OSU athletic director Chad Weiberg, the buyout will be 100% of her remaining contract. If she pursues a non-Big 12 job, it will be 75%.