Muschamp will make more than $2.7 million a year
Published: Thursday, May 5, 2011 at 4:24 p.m.
Last Modified: Thursday, May 5, 2011 at 10:09 p.m.
New Florida football coach Will Muschamp's five-year, $13.752-million contract has been finalized, and was released by the school Thursday. Muschamp received a $750,000 signing bonus and will have an average annual salary of $2,750,400.
The contract, which runs through the 2015 season, includes a $500,000 buyout clause and is full of bonus incentives, including $250,000 for winning the BCS Championship game and $75,000 for winning the SEC title game.
If Florida fires Muschamp, he will receive $2 million a year for every year remaining on the contract.
If Muschamp remains through the term of the contract, he will receive a retention bonus of $500,000 on Jan. 31, 2016. He would receive another retention bonus of $250,000 if he is still at UF on Jan. 31, 2017.
Muschamp's annual base salary is $250,000. The bulk of his salary will come from his television and radio shows, plus website ($1.7 million annually), and equipment from the school and Nike ($460,000 combined annually).
The SEC has some of the highest paid coaches in the nation, with Alabama's Nick Saban among the leaders at about $6 million per year. Arkansas' Bobby Petrino ($3.56 million), South Carolina's Steve Spurrier ($2.875 million), Mississippi State's Dan Mullen ($2.65 million) and Auburn's Gene Chizik ($2.1 million) all received raises this offseason. Muschamp's good friend, Florida State coach Jimbo Fisher, has a five-year, $13.75 million contract that runs until January 2016.
Among his incentive bonuses, Muschamp would receive $50,000 for being named AP National Coach of the Year, $25,000 for SEC Coach of the Year, $50,000 if the Gators finish in the top 10 (AP or USA Today Coaches Poll), $100,000 for playing in a BCS bowl game (non-national championship), $37,500 for a non-BCS bowl and $37,500 for reaching the SEC title game.
UF also will contribute $29,400 annually to Muschamp's pension fund.
Contact Robbie Andreu at 352-374-5022 or firstname.lastname@example.org. Also check out Andreu's blog at Gatorsports.com.
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