Had a feeling this was coming as OSU's AD was quoted a week or so ago lamenting how out of control coaching salaries are becoming...a sure sign that OSU was about to breach the $1 million yardstick for assistants. To a certain degree it makes sense for Schiano, who was lined up to be a head coach at TN (and would most likely receive other offers from schools with less retarded fan bases) or an NFL coordinator, both of which would pay him as much or more than $1.5 million. Day is a bit of a surprise, but he was actually scheduled to go up to $800K in the second year of his current contract, so the revision to $1 million is really "only" a $200K bump, not the $600K being reported. He also reportedly is signing a 3-year deal, which is one of the longest contracts I've every heard Meyer having with an assistant coach.
This whole situation caused me to go back and look for info on Woody Hayes. There is an alleged quote of his where he responded to the complaint of an OSU professor that Hayes made too much money by telling him, "I can do what you do, but you can't do what I do." Valid point. However, I also found mention that Hayes's final salary when he was canned in 1978 after "The Punch" was $43,000 per year. He also supposedly refused several pay increases if he didn't think he deserved them, and allocated money to his assistants, such that he actually made less than some of his assistants.
Those were different times, for sure.