Jim McElwain contract at Florida

Jim McElwain Photo Credit: AP

Base compensation

• 2017 guaranteed pay: $4,218,200
• Total contract pay: $29,249,059
• Contract length: 7 years
• Start date: 12/5/2014
• Last amended: 6/6/2016
• Expires: 1/31/2022

Incentives

• Retention bonus: $750,000 on every January 31
• National title bonus: $250,000
• CFP semifinal win: $200,000
• CFP semifinal appearance: $150,000
• Conference title bonus: $37,500 for appearing; $37,500 for winning.
• Coach of the year award bonus: $50,000 for national coach of year; $25,000 for conference coach of year;
• National poll bonus: $50,000 for final top 10 finish
• Car: two cars including insurance
• Tickets: 12 tickets to home and away football games
• Private jet use: $40,000 worth of private jet use for personal use;

Other Perks

• Miscellaneous perks: $3,500 annual apparel allowance
• Buyout if coach leaves for another coaching job: $3,000,000 if before 1/31/18; $2,500,000 if before 1/31/19; $2,000,000 if before 1/31/20; $1,500,000 thereafter

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