Oregon State head football coach Jonathan Smith under contract through Feb. 2029

Jonathan Smith was once the starting quarterback for the Beavers, leading them to a 2001 Fiesta Bowl victory and being named the most valuable player in the game.

After five seasons of showing Corvallis, and now this season, the nation, what he can do as a head coach, Smith has accepted a six-year, $30.6 million contract offer extending him through 2029, Vice President and Director of Intercollegiate Athletics Scott Barnes announced Sunday.

Smith was named the Co-Head Coach of the Year in the Pac-12 in 2022 as well as being named the AFCA Region Five Coach of the Year.

He is the first OSU coach recognized by the conference since 2008 and the first in the region since 2012.

The Beavers were able to receive recognition from the Associated Press, the Coaches Poll, and the College Football Playoff Rankings this season, finishing the regular season ranked No. 14.

“Coach Smith has taken the Oregon State football program to new heights, and we knew it was important to reward him and his staff to keep the momentum moving forward,” Barnes said. “The success they’ve achieved on the football field has been evident, and Coach Smith’s leadership and the work of his staff also has changed the culture of the program in the classroom, the weight room, and the community.”

Finishing the regular season with a 9-3 record with a chance to achieve a 10-win season on Dec. 17 against the University of Florida Gators in the SRS Distribution Las Vegas Bowl for only the third time in program history, Smith’s impact on the team is evident.

Starting on March 23, the start of Smith’s contract will begin to be paid to him.

His contractual guarantees include $4.85 million that begins in March with a stipulation that results in a $100,000 increase each year.

“I want to thank Scott Barnes and the Oregon State administration for continuing to support this football program and everyone who works tirelessly for our student-athletes and all of Beaver Nation,” Smith said. “We are proud of what has been accomplished, but the work is not done and we’ll continue to put in the effort and do it the right way.”

Not only does Smith receive the benefits from the new contract, but the team’s assistant coaching salary pool will increase to $4.85 million and the team’s support staff pool will increase to $2.5 million with annual increases of $100,000 for both pools.

Current salaries and raises for Coach Smith, assistant coaches, and football staff do not include the use of any state funds or student tuition.

Key facts to know when evaluating Smith’s time with Oregon State as a head coach:

A total of 123 PAC-12 academic selections have been awarded to Beaver players during Smith’s first four seasons.

Over the last two seasons, the Beavers are 11-1 at home, which included a 6-0 record at Reser Stadium in 2021. The 2021 Beavers became the second OSU team to do so, joining the 2000 Fiesta Bowl team.

The Beavers have had back-to-back winning seasons in conference play for the first time since 2008 and 2009.