Ryan Day has agreed to a five-year contract to become Ohio State's next head coach, according to college football reporter Bruce Feldman.

SOURCE: New #OhioState head coach Ryan Day has agreed to a five-year contract with the Buckeyes. — Bruce Feldman (@BruceFeldmanCFB) December 4, 2018

According to Bill Rabinowitz of the Columbus Dispatch, Day's pay will be "in the ballpark of $4 million per year."

After Urban Meyer's retirement, Day is set to become Ohio State's 25th head coach in program history beginning on Jan. 2. Meyer will coach the Rose Bowl against Washington as his final game before handing the reins to Day.

Day begins his Buckeye coaching career with a bit of a head start as he's already 3-0 as Ohio State's head coach, winning the first three games of the season as the team's interim head coach while Meyer served his three-game suspension.