Current:Home > MyNebraska volleyball coach John Cook's new contract is designed to help him buy a horse -MoneyFlow Academy
Nebraska volleyball coach John Cook's new contract is designed to help him buy a horse
View
Date:2025-04-15 23:03:55
Nebraska women's volleyball coach John Cook is one of the best coaches in the sport. His new contract comes with a raise but also something you wouldn't expect to see: money that will go toward helping him buy a horse.
Nebraska announced Wednesday that Cook had signed a new five-year contract that will run through Jan. 31, 2029. Cook's annual salary will be $825,000 − a $75,000 annual increase − and he is eligible to receive bonuses if his program reaches certain levels of athletic achievement. The contract also includes a deferred compensation agreement. In addition, he'll get a $70,000 retention bonus on July 1, 2024.
Including the $1 million deferred compensation deal, Cook will have a contract that has an average annual value of just over $1 million.
The retention bonus will be used to help Cook get a horse.
"When (athetic director) Troy (Dannen) and I talked about my contract, I proposed that instead of an annual escalating salary that some coaches do, it would mean a great deal to me if the Nebraska athletic department would consider supporting me in purchasing a horse out in central Nebraska that I've had my eye on," Cook said in a statement.
Cook added the horse, called No. 415, was born and bred at the Pitzer Ranch in Ericson, Nebraska, and is a "once-in-a-lifetime performance horse."
"Troy loved the idea and while they couldn't specifically write that into the contract, the retention bonus will be used for No. 415. I am honored that Troy was supportive of my idea and it means a lot to me," Cook said.
It seems like a small price to pay for one of the most successful coaches in women's volleyball.
Since Cook took over in 2000, Nebraska has won four NCAA championships, 13 conference titles and has the best winning percentage. Cornhuskers fans broke the national and world attendance record for any women's sporting event in August when 92,003 people packed into the football team's Memorial Stadium for "Volleyball Day," when the team played the Omaha Mavericks.
This past season, the Cornhuskers went 33-2 and lost to Texas in the national championship game. The team opens the 2024 season on Aug. 30 against Texas A&M-Corpus Christi.
Cook will be trying to win another national championship. But might he become an award-winning horse owner, too?
Contributing: Steve Berkowitz
veryGood! (98246)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Jerry Jones after Ravens run over Cowboys: 'We couldn't afford Derrick Henry'
- Caitlin Clark endures tough playoff debut as seasoned Sun disrupt young Fever squad
- 4 killed in late night shooting in Birmingham, Alabama, police say
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- The Trainers at Taylor Swift's Go-to Gym Say This Is the No. 1 Workout Mistake
- 'I like when the deals are spread out': Why holiday shoppers are starting early this year
- Chiefs show their flaws – and why they should still be feared
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- The Path to Financial Freedom for Hedge Fund Managers: An Exclusive Interview with Theron Vale, Co-Founder of Peak Hedge Strategies
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Sudden death on the field: Heat is killing too many student athletes, experts say
- QB Andy Dalton rejuvenates Panthers for team's first win after Bryce Young benching
- 'How did we get here?' NASA hopes 'artificial star' can teach us more about the universe
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Breaking Through in the Crypto Market: How COINFEEAI Stands Out in a Competitive Landscape
- For Christopher Reeve's son Will, grief never dies, but 'healing is possible'
- A vandal’s rampage at a Maine car dealership causes thousands in damage to 75 vehicles
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Two houses in Rodanthe, North Carolina collapse on same day; 4th to collapse in 2024
In Ohio, drought and shifting weather patterns affect North America’s largest native fruit
Microsoft announces plan to reopen Three Mile Island nuclear power plant to support AI
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Lady Gaga Details Her Harley Quinn Transformation for Joker: Folie à Deux
Hayden Panettiere opens up about health after video interview sparks speculation
Oklahoma vs Tennessee score: Josh Heupel, Vols win SEC opener vs Sooners