Other perks includes a $1,200 monthly automobile stipend, access to a private plane for recruiting and personal use, a golf club membership, football tickets and basketball tickets.
Day was named the 25th Ohio State football coach Tuesday.
Meyer will retire after coaching the Buckeyes against Washington in the Rose Bowl.
He then plans to continue working in the athletics department in a to-be-determined capacity.
Meyer’s base salary in 2018 was $840,000 with $4.544 million for media and $1.566 million for apparel, shoes, etc.
His six-week, three-game suspension for mismanaging the employment of former assistant Zach Smith cost him $570,507.68 according to a document provided by the university in response to a public records request by this news organization.
Day received a one-time payment of $487,000 for his role as acting head coach during Meyer's suspension.