We already knew that Will Muschamp would be the next South Carolina football coach. Now the ink can be put on the paper.
Muschamp is set to sign a five-year contract that pays him $3 million per year, which was approved by the University of South Carolina Board of Trustees Monday morning, according to The Post and Courier’s David Caraviello.
That would be the lowest-valued contract of any reported for a coach in the SEC. .
However, Muschamp will see a $100,000 increase in his salary each season, in addition to his added incentives, according to the Associated Press’ Pete Iacobelli.
Also included in the contract, which pays Muschamp $16 million over the full five-year deal, is a buyout on a sliding scale. If Muschamp were to leave South Carolina after the first year of his contract, he would owe the university $7 million. If Muschamp left after the final year of his deal, he would owe $3 million.
According to USA TODAY Sports, every other reported SEC coach made a higher annual salary in 2015 than Muschamp. This season, Kentucky coach Mark Stoops earned the least at $3.25 million (Vanderbilt coach Derek Mason’s salary was not reported by USA Today).
Former South Carolina coach Steve Spurrier earned more than $4 million per year.