Not that long ago..
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Callahan Signs New Five-Year Agreement
Courtesy: NU Media Relations
Release: 09/05/2007
Nebraska Coach Bill Callahan and Athletic Director Steve Pederson agreed to a five-year contract that will keep Callahan at Nebraska through at least the 2011 season.
Lincoln – Nebraska Athletic Director Steve Pederson announced Tuesday that NU Head Football Coach Bill Callahan has signed a new five-year contract that runs through Jan. 31, 2012.
"I have said on numerous occasions that we want Coach Callahan to be the coach at Nebraska for a long time," Pederson said. "This commitment to Bill and his staff is a result of our belief that all the right ingredients are in place for long-term success. Bill has assembled a top-notch staff, and they are recruiting outstanding young men. He also has set a very high standard for discipline, integrity and work ethic that makes us proud as Nebraskans."
Callahan’s original six-year contract, signed in 2004, included an annual compensation of $1.5 million. That contract has now been replaced with a new five-year agreement that calls for compensation of $1.75 million annually. It also includes a potential $425,000 in bonuses on an annual basis. The new contract is retroactive to July 2007.