Moos signed the contract on Friday and said the school has been on his radar for 25 years.
The contract comes with plenty of incentives, including a $150,000 bonus for a football national title, $100,000 for a Big Ten title, and up to $125,000 in bonuses for achievement in overall athlete APR and Directors Cup all-sports standings.
His buyout, should he opt for that, is $2 million prior to the end of 2018 and decreases by $500,000 each year after that.
Moos’ hiring comes after the university fired former AD Shawn Eichorst in September.
Eichorst had no incentives in his contract and his retention bonus was $750,000. If Moos stays five years, he’ll earn an extra $1.25 million.