GAINESVILLE, Fla. — A day after formally introducing Dan Mullen as its new head football coach, Florida released the details of Mullen’s new 6-year contract.
Athletic director Scott Stricklin had already stated after the introductory news conference that Mullen would make $6 million per year with a flat $12 million buyout that would reduce once the money owed to the coach dipped below that threshold, while Mullen would owe the school $2 million if he left for another job.
Mullen’s official compensation package, as revealed Tuesday, comes to $6,103,000 annually, broken down as $3 million in base salary, $1.75 million in media/pr income, $700,000 in equipment, a $200,000 expense account, $350,000 in money from the school’s Nike contract, $70,000 in airplane use which reverts back to the University Athletic Association if unused and $33,000 in annual pension contribution.
Here are some other details from the contract:
- Automobiles, tickets, travel and other fringe benefits not included in that total are approximated at an annual value of $62,000.
- If Mullen is fired without cause, he is owed half of that buyout within 30 days with the remaining half paid over 6 years.
- He is allotted $5 million for his assistant coaches.
- He can earn the following bonuses: $100,000 for reaching the SEC championship game, $200,000 for winning the SEC championship, $100,000 for reaching any bowl game, $200,000 for reaching a Big 6 bowl game, $250,000 for reaching the College Football Playoff semifinal, $300,000 for reaching the CFP championship game, $400,000 for winning the CFP championship, $50,000 for winning SEC Coach of the Year, $75,000 for a national coach of the year award, $100,000 for finishing in the top 10 and a maximum academic-related bonus of $100,000. The maximum bonus money Mullen can receive in a year is $925,000.
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