Ryan Day will earn a significant raise from Ohio State with his promotion from offensive coordinator to head coach.

Day will make $4.5 million per year on a five-year deal, per a press release distributed following the press conference to announce him as Ohio State's new head coach.

In his first year at Ohio State, Day made $400,000. He was given a $600,000 raise and a new three-year contract after the 2016-17 season and made $1 million as offensive coordinator this year. Day also was given a $487,000 lump-sum payment for filling in during Urban Meyer's suspension at the beginning of this season.

Eleven Warriors received Day's signed term sheet Tuesday afternoon in response to a public records request. He will make $850,000 per year in base compensation, $2.39 million in media, promotions and public relations, $1.25 million in apparel/shoe/equipment and $10,000 in Coca-Cola appearance payments.

Details of Ryan Day's new five-year contract, worth $4.5 million per year, as Ohio State's head coach: pic.twitter.com/wm63aJDmdk — Dan Hope (@Dan_Hope) December 4, 2018

His contract will begin on Jan. 2, and will run until Jan. 31, 2024.

Day will earn retention payments of $250,000 if he is employed on Jan. 31, 2022 and Jan. 31, 2024.

Day's contract has a bevy of performance bonuses listed in his contract:

Big Ten East Division champion: $50,000

Big Ten championship game winner: $100,000

College Football Playoff bowl game appearance: $200,000

College Football Playoff semi-final appearance: $250,000 (Day will not receive the bonus if Ohio State wins)

College Football Playoff Final appearance: $350,000

Big Ten coach of the year: $50,000

National coach of the year: $75,000

If Ohio State's team GPA in the fall and spring semesters combined is better than 3.0, he will receive a $50,000 bonus. Day will earn a $100,000 bonus is the team has a GPA better than 3.3, and he will make $150,000 with a GPA better than 3.5.

Ohio State will pay Day $1,200 per month for a car stipend. The university also provides a golf membership at a mutually agreed-upon gold course.

Day will be able to use a private aircraft for recruiting purposes for 50 hours per year. He also will get to use 50 hours per year of use of a private aircraft for personal use.

Day gets 12 football season tickets for home games, five press box credentials and a suite for family and friends. He also gets two season tickets for Ohio State men's basketball home games.