By Anthony Caruso III | Publisher
Mike Riley is a consultant with the Oregon State Beavers football team. But before he accepted that job, he received a $6.2 million settlement from the Nebraska Cornhuskers.
He received this money in January, according to the Lincoln Journal Star. That was approximately two months after he was fired by the school in November.
Riley’s previous contract with the Cornhuskers ran through Feb. 2021. He had nearly $6.6 million left on his contract at the time of his termination.
Riley is receiving a salary of $50,004 as an offensive analyst with the Beavers. His contract with Oregon State impacted his $6.6 million that was owed to him.
The Cornhuskers paid off Riley so that they could lessen the payments of others on the payroll, who are no longer employed by the school. Former head coach Bo Pelini — the current Youngstown State head coach — is also on the books through February 2019.
In addition, former Athletic Director Shawn Eichorst also received a lump sum of $762,439. He was hired by the Texas Longhorns to run their internal affairs office in June.
He will be leaving the Beavers soon to become the head coach of the new San Antonio Commanders franchise in the Alliance of American Football. This new league is slated to begin playing in February 2019, one week after Super Bowl LIII.
This league will have head coaches, who were previously head coaches in college football or the NFL. The only exception is the Birmingham Iron, who is head coached by Tim Lewis, who has no prior head coaching experience. Lewis last coached as the San Francisco 49ers defensive backs coach in 2015.
The Atlanta Legends will be coached by Brad Childress, while Mike Singletary will coach the Memphis Express. And Steve Spurrier will coach the Orlando Apollos.
Rick Neuheisel will coach the Arizona Hotshots, while Dennis Erickson will coach the Salt Lake Stallions. Mike Martz has been hired as the San Diego Fleet head coach.