Florida reportedly is considering firing Jim McElwain during his third season as coach of the Gators football program.
McElwain is 3-3 through six games of the 2017 season, and has a 22-11 record at Florida. His overall record as a head coach is 44-27.
On Saturday, Florida atheltic director Scott Stricklin issued an official statement refuting reports that Florida has been in contact with McElwain’s representatives about a potential buyout.
“No one representing the University of Florida or our athletic department has had any conversations with Coach McElwain or his representatives regarding a buyout of his contract,” Stricklin said via a statement. “Our focus is on this great Florida-Georgia rivalry today in Jacksonville.”
Here is the contract information for Jim McElwain, including his salary, buyout and years remaining on his contract:
What is Jim McElwain’s salary?
Jim McElwain makes $4,457,400 as the Florida Gators head coach for the 2017 season, according to the USA Today coaches salary database.
McElwain is in his third season at Florida. He made $4,268,325 in 2016 and $3,983,359 in 2015 per the USA Today report. He also received $400,000 in bonus money during the two previous seasons.
McElwain ranks No. 15 nationally in total salary among all FBS head football coaches. His salary ranks 5th in the SEC behind Alabama coach Nick Saban, Texas A&M coach Kevin Sumlin, Auburn coach Gus Malzahn and Mississippi State coach Dan Mullen.
Prior to joining the Gators, McElwain earned $1,500,000 as the head coach at Colorado State in 2014.
What is Jim McElwain’s buyout?
Jim McElwain’s contract buyout at Florida is $12,916,668, per a report recently released by USA Today.
Only Alabama coach Nick Saban ($26,900,000) and Kentucky coach Mark Stoops ($14,765,625) have larger buyouts in the SEC.
How many years are left on Jim McElwain’s contract?
Jim McElwain is under contract at Florida through the 2022 football season. Per a report from SEC Country’s Ryan Young, McElwain signed an extension with the Gators prior to the 2017 season that extended his contract by one year from January 2022 to January 2023.
Florida raised his annual salary by $196,300 to $4,486,000, taking effect 2017-18. The full six-year value of the contract is now $26,917,800.
McElwain’s annual compensation is broken down as follows: $275,700 base salary, $2,650,000 media/PR, $253,200 in equipment, $175,000 expense account, $350,000 equipment from Nike, $32,400 pension and $750,000 retention bonus.
The raise and extension was announced in tandem with a raise for Gators men’s basketball coach Mike White.
“Both Coach Mac and Coach White have done a phenomenal job of leading our programs and we are looking forward to having them lead the Gators for years to come,” Florida athletic director Scott Stricklin said in a statement at the time. “As much as both have won games and provided a lot of great memories for our fans and stability for the programs they lead, they have both had a huge impact on the development and personal growth of the athletes they coach.”