Florida coach Will Muschamp will get a $250,000 raise in each of the five years remaining on his contract, the school announced Friday.
The Gators were 11-2 in 2012, losing to Louisville in the Sugar Bowl. They are 18-8 in two seasons under Muschamp.
"Dr. [Bernie] Machen and I believe strongly in Coach Muschamp and his leadership and we felt it was appropriate to adjust his salary to be more in line with his market value," Florida athletic director Jeremy Foley said in a statement.
With the raise, Muschamp will earn about $3 million per year. That ranks about in the middle of the pack for salaries among Southeastern Conference head coaches, according to CBSSports.com.
Alabama's Nick Saban ($5.47 million annually) leads the SEC, and LSU's Les Miles, South Carolina's Steve Spurrier, Georgia's Mark Richt, Arkansas' Bret Bielema and Texas A&M' s Kevin Sumlin all make between $3.1 and $3.8 million annually, according to the report.