- Edward Aschoff, ESPN Staff Writer
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Florida released the details of new coach Will Muschamp's contract Thursday.
Here are some details from his contract:
The first-year coach is set to make $13.752 million over the five years of his contract, which runs through the 2015 season. Muschamp received a $750,000 signing bonus and will make an annual salary of more than $2.7 million.
Muschamp will make a base salary of $250,000 a year.
He'll make $1.7 million each year under the activities agreement which includes TV and radio shows and a website maintained by Florida. He'll also receive $290,000 from the school's equipment fee for the first contract year. Thereafter, he will earn $260,000, in order to share some proceeds of the Athletic Association's agreement with its equipment manufacturer. Muschamp will also receive $200,000 from Nike, $61,000 for an expense account and $29,400 in pension.
Muschamp's contract includes a $500,000 buyout clause and he will receive a $500,000 retention bonus if he is still employed at Florida on Jan. 31, 2016.
His bonus incentives include earning $100,000 for reaching a BCS bowl (non-national championship) and $150,000 for reaching the BCS national championship. Muschamp will earn $250,000 for winning a BCS title. Reaching the SEC title game will earn Muschamp $37,500 and he will get $75,000 for winning it. If Muschamp were to earn The Associated Press Coach of the Year, he'll earn an extra $50,000. He will get $25,000 for AP SEC Coach of the Year and $50,000 for a top 10 finish (AP or USA Today Coaches Poll).
Former Florida coach Urban Meyer made more than $4 million dollars per season with the Gators. Muschamp replaced Meyer at Florida at the conclusion of the 2010 season.
If Muschamp is fired, he will earn $2 million for every year left on his contract.
As the defensive coordinator and head-coach-in-waiting at the University of Texas, Muschamp made more than $900,000, making him the highest paid assistant coach at the time.
When comparing Muschamp's salary to other SEC coaches, he's stuck in the middle.
Alabama coach Nick Saban is top dog in the SEC and is one of the highest paid coaches in the country, bringing in almost $6 million a year.
Arkansas' Bobby Petrino enjoyed a hefty raise this offseason and is now making $3.56 million a year. Other SEC coaches receiving raises this offseason include South Carolina's Steve Spurrier, who is up to $2.875 million, Mississippi State's Dan Mullen is at $2.65 million, and Auburn's Gene Chizik is now making $2.1 million a year.