Coming off back-to-back SEC East Championships Jim McElwain was given a contract extension through January 2023. The one-year extension brings his average annual salary over the six-year contract up to $4.486 million (from $4.1645) annually. McElwain is 19-8 (13-3 SEC) in two seasons at Florida.
Head basketball coach Mike White was also given a one-year contract extension through 2023. White, who is 48-24 (23-13 SEC) and just led the Gators to the Elite Eight, had his total contract reach $16,275,000 over six years, giving him an average annual salary of $2,712,500.
“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. “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.”
McElwain’s bonus structure was also changed with the extension. His maximum bonus potential will increase from $450,000 to $825,000.
McElwain would receive a $100,000 bonus for reaching the SEC Championship game and an additional $100,000 for winning the game. He would earn $100,000 for reaching any bowl game but $200,000 for reaching a Access/Big 6 bowl game. McElwain would stand to make $250,000 if Florida were to make it to the CFP semi final, $300,000 for making it to the CFP Final and $400,000 if the Gators win the College Football Playoff. McElwain would make $50,000 for being named SEC Coach of the Year and $75,000 for being named National Coach of the Year, as well as an additional $100,000 if the Gators finish inside the top-10.
McElwain can only receive the maximum in each bonus category. For example, if Florida were to make it to the CFP semifinal McElwain would qualify for a $250,000 bonus. If they win the semi final game the bonus moves to a $300,000 total, not $550,000. If Florida were to win the CFP championship the maximum bonus is $400,000, plus an additional $100,000 for finishing inside the top-10.
Additionally, McElwain has a bonus structure in place for his team’s academic success.
$100,000 for single year APR 965 or above, OR
$75,000 for single year APR 950 or higher, OR
$50,000 for single year APR 940 or higher