Florida Releases Will Muschamp's Contract: Salary Is $2.75 Million Per Year
by Andy Hutchins on May 5, 2011 4:13 PM EDT
in Florida Football
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PrintThe University of Florida (or the University Athletic Association) released head football coach Will Muschamp's contract this afternoon, and the Gainesville Sun's Robbie Andreu zipped to Twitter to mete out the details. Basically, it's a five-year, $13.7 million deal with a fair few bonuses for performance.
UF just released Muschamp's contract. It's for $13,752,000 over five years. Average per year is $2,750,400
Muschamp contract full of bonus incentives: $75,000 for winning SEC title game; $250,000 for winning BCS title game
Muschamp received a $750,000 signing bonus. Per year in his contract,$200,000 comes from Nike apparel deal.
Muschamp has a $500,000 buyout. He also has a retention bonus of $500,000 if he is still coach in Jan. 2016.
If UF fires Muschamp, he will receive $2 million for each year left on his contract.
The quick-and-dirty analysis, before we get our hands on the contract and can go through it? Muschamp's making a lot of money for a first-time head coach, and there are significant incentives in place for UF to keep him around for a while. Muschamp's buyout is a paltry $500,000, sure — and yes, that's paltry in this world of SEC coaching salaries, but not in many other places — but if the difference between keeping him and cutting ties is just $750K more per year, it's cheaper to keep him.
Again, we'll have more when the full contract is available.
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Some of these numbers have been out.
Not all of them, though.
by Andy Hutchins on May 5, 2011 4:52 PM EDT up reply actions
Speaking of money, the schools
should set up retirement accounts for all players since they can’t directly pay them a salary and contribute $20 000 a year for each year of service. An argument can be made that ex-college football players could use the extra retirement income for health reasons. The players should get a “piece of the pie”.
I don't disagree with this.
But hey, how’s playing left field working for ya?
by Andy Hutchins on May 5, 2011 5:19 PM EDT up reply actions
I don't mind playing out in left field once in a while :)
Most of the time though, I’m part of the “reality based community”. I think that with the new scrutiny by the government (e.g. investigating why there is no playoffs and it’s financial implications) it is time to seriously address this “big elephant in the room”.
by Muscle-Dolphin on May 5, 2011 6:32 PM EDT up reply actions
I mostly meant that this was an odd post for that comment.
by Andy Hutchins on May 5, 2011 6:46 PM EDT up reply actions
The high salary just reminded me of how much money is being ....
made “off the backs” of the players. Sometimes, it seems that the majority of players are being taken advantage of – especially the “average Joes” who will never make it to the pros.
by Muscle-Dolphin on May 5, 2011 6:49 PM EDT up reply actions
The players should get a "piece of the pie"
They do alright if they make a bowl game. Plus I’d think that most of them have enough spending money regardless of their background. They aren’t starving by any means.
The Once and Future King
Editor at Alligator Army
Definitely a lot for a first-time head coach...
…but you have to believe he was going to get a lot wherever he got his first job. This is probably right about where he would have ended up anywhere with how respected he was and how many schools had them on their short lists were they to be looking.
Twice the Gators (and twice the...er...me) at a fraction of the price...The Bull Gator and Alligator Army.
I’m sure Texas drove the price up a few hundred thousand at least to try and keep him
by Jonathan Loesche on May 5, 2011 6:47 PM EDT up reply actions
I would believe that. I’m sure he had a piece of paper or something from Texas saying this is what he would be paid when he takes over…etc.
The Once and Future King
Author at Alligator Army
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