Jim McElwain, Gators agree to $7.5 million buyout

On Tuesday afternoon Scott Stricklin signed Jim McElwain’s buyout that will pay the former Florida Gators head coach $7.5 million dollars in six installments through July 2021.

McElwain signed the agreement on November 21 but the document needed Scott Stricklin’s signature to be official. Stricklin signed it a day after he and the Gators officially introduced Dan Mullen as the Florida Gators new head coach.

Per the terms of his contract with Florida, McElwain was due more than $12 million dollars when he was fired on October 30 of this year. He and the school negotiated that sum down. In the new agreement there is a clause where McElwain agreed “not to disparage or speak, write or otherwise communicate ill of, the University, the Association, and/or their former, current, or future trustees, directors, officers, employees, agents, students, contractors, attorneys, contributors, and/or fans publically or privately.”

Here is the breakdown of McElwain’s buyout payments
December 1, 2017: $3.75 million
February 15, 2018: $250,000
July 1, 2018: $1 million
July 1, 2019: $1 million
July 1, 2020: $1 million
July 1, 2021: $500,000

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Nick de la Torre
A South Florida native, Nick developed a passion for all things sports at a very young age. His love for baseball was solidified when he saw Al Leiter’s no-hitter for the Marlins live in May of 1996. He was able to play baseball in college but quickly realized there isn’t much of a market for short, slow outfielders that hit around the Mendoza line. Wanting to continue with sports in some capacity he studied journalism at the University of Central Florida. Nick got his first start in the business as an intern for a website covering all things related to the NFL draft before spending two seasons covering the Florida football team at Bleacher Report. That job led him to GatorCountry. When he isn’t covering Gator sports, Nick enjoys hitting way too many shots on the golf course, attempting to keep up with his favorite t.v. shows and watching the Heat, Dolphins and Marlins. Follow him on twitter @NickdelatorreGC