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Jim McElwain contract at Florida

Jim McElwain

Jim McElwain Photo Credit: AP

College: Florida

Conference: SEC

State: Florida

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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