Current:Home > MyNebraska volleyball coach John Cook's new contract is designed to help him buy a horse -Core Financial Strategies
Nebraska volleyball coach John Cook's new contract is designed to help him buy a horse
View
Date:2025-04-18 05:30:26
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! (9379)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Death of Connecticut man found in river may be related to flooding that killed 2 others, police say
- Ronda Rousey's apology for sharing Sandy Hook conspiracy overdue but still timely
- You Won’t Believe These Designer Michael Kors Bags Are on Sale Starting at $29 and Under $100
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Watch: Young fan beams after getting Jose Altuve's home run bat
- Vermont medical marijuana user fired after drug test loses appeal over unemployment benefits
- Coal Baron a No-Show in Alabama Courtroom as Abandoned Plant Continues to Pollute Neighborhoods
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Rumer Willis Reveals She and Derek Richard Thomas Broke Up One Year After Welcoming Baby Louetta
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Dr. Fauci was hospitalized with West Nile virus and is now recovering at home, a spokesperson says
- How will NASA get Boeing Starliner astronauts back to Earth? Decision expected soon
- Shohei Ohtani joins exclusive 40-40 club with epic walk-off grand slam
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Anna Menon of Polaris Dawn wrote a book for her children. She'll read it to them in orbit
- Parents charged after baby fatally mauled by dogs; pair accused of leaving baby to smoke
- After millions lose access to internet subsidy, FCC moves to fill connectivity gaps
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Georgia lawmakers say the top solution to jail problems is for officials to work together
Kansas City Chiefs make Creed Humphrey highest-paid center in NFL
Amazon announces upcoming discount event, Prime Big Deal Days in October: What to know
Arkansas State Police probe death of woman found after officer
What's the value of a pet prenup agreement? This married couple has thoughts
Here's What Judge Mathis' Estranged Wife Linda Is Seeking in Their Divorce
Logan Paul Addresses Accusation He Pushed Dog Off Boat in Resurfaced Video