Sports

Nebraska gives football coach Mike Riley a 5-year contract paying him $2.7 million a year

  • Nebraska's new football coach Mike Riley addresses the media during an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb.  Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Eric Gregory) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT

    Nebraska's new football coach Mike Riley addresses the media during an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb. Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Eric Gregory) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT  (The Associated Press)

  • Nebraska's new football coach Mike Riley addresses the media during an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb.  Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Matt Ryerson) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT

    Nebraska's new football coach Mike Riley addresses the media during an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb. Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Matt Ryerson) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT  (The Associated Press)

  • Nebraska's new football coach Mike Riley sits with his wife Dee, left, as he is introduced at an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb.  Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Eric Gregory) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT

    Nebraska's new football coach Mike Riley sits with his wife Dee, left, as he is introduced at an NCAA college football news conference at Memorial Stadium on Friday, Dec. 5, 2014 in Lincoln, Neb. Riley, who came from Oregon State, replaces Bo Pelini who was fired last Sunday. (AP Photo/The Journal-Star, Eric Gregory) LOCAL TELEVISION OUT; KOLN-TV OUT; KGIN-TV OUT; KLKN-TV OUT  (The Associated Press)

Mike Riley has a five-year contract at Nebraska paying him $2.7 million a year.

The terms were announced Friday before Riley was introduced at a news conference at Memorial Stadium. Nebraska hired the 61-year-old Riley away from Oregon State on Thursday.

Riley will receive automatic $100,000 increases in each of the five years of a contract that runs through Feb. 28, 2020. Riley had been the lowest-paid coach in the Pac-12, making a reported $1.5 million this year.

Former Nebraska coach Bo Pelini was paid $3.1 million this year.

Riley was 93-80, with wins in six of eight bowl games during two stints totaling 14 years at Oregon State. The Beavers were 5-7 this season.