Filed under: TRESSEL GETS NEW CONTRACT. HOVERCRAFT PARTY TIME. By Orson May 19, 2006, 9:02am EDT Share this story Share this on Facebook Share this on Twitter Share All sharing options Share All sharing options for: TRESSEL GETS NEW CONTRACT. HOVERCRAFT PARTY TIME. Reddit Pocket Flipboard Email (the) Ohio State University gives Jim Tressel a new seven-year contract, boosting his pay to around 2.4 million dollars a year for 2006 and easing it up to 2.9 million for the final year of the deal. That's a lot of hovercrafts, Jim. Go easy. Tressel's World just got a little more bling in it.