Gus Malzahn signs contract extension through 2020
Gus Malzahn and Auburn have agreed to a contract extension through the 2020 season.
The school released an amendment to Malzahn’s contract on Monday, which revealed that his contract has been extended through Dec. 31, 2020 and that he will now make $4.725 annually.
In three seasons, Malzahn has led the Tigers to a 27-13 overall record and 13-11 mark in the SEC.
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Prior to the announcement, Malzahn had four years remaining on a six-year contract he signed in December 2013. He was scheduled to be paid $4.35 million in 2016, with raises that will bring his salary to $5.1 million in the final year of the contract in 2019.
Following the new amendment, Malzahn will make a combined $500,000 more over the next two seasons and $500,000 less in 2018 and 2019.
Malzahn’s buyout remains the same, with Auburn owing him $2,237,500 per year left on the contract if he were to be fired.
The only difference?
The extension providing him more financial wiggle room: more money up front with a higher salary in the first two years, and an additional buyout year if he were to be fired.
You can view the entire amendment to the contract here: Malzahn.Amendment.2016-2020
