Ole Miss football coach Lane Kiffin gets significant raise in new contract
OXFORD, Miss. — The new contract that Ole Miss coach Lane Kiffin signed in January gives him a pretty significant pay raise, per documents obtained by the Clarion Ledger.
Kiffin, who is under contract through 2024, is set to make $4.5 million in 2021 with a retention bonus of $500,000 if he is still Ole Miss' coach on Dec. 31. He will then make $5.25 million in 2022, $5.5 million in 2023 and $5.75 million in 2024.
That's a sizable raise over the contract Kiffin initially signed with Ole Miss in 2019. In that contract, Kiffin made $3.9 million for 2020 and then added $100,000 every year until 2023, when he was set to make $4.2 million.
The bonuses attached to Kiffin's term sheet are the same as his first contract. He still received a $150,000 bonus for every SEC win starting with the fifth in a season and $100,000 for every regular season, non-conference win over a Power Five opponent. He'll earn the same bonuses for making ($150,000) or winning ($400,000) the SEC championship game.
He also can earn bonuses for bids to specific bowl games. They are as follows:
Win CFP championship: $1,000,000
Make CFP championship: $750,000
Make CFP semifinals: $500,000
Make New Year's Six access bowl: $250,000
Make Citrus Bowl: $125,000
Make Group of Six SEC bowl: $100,000
Make Birmingham or Independence Bowl: $50,000
Per USA TODAY Sports' college coaches salary database, this raise would've been the difference between Kiffin being the No. 31 highest paid coach in college football in 2020 to being No. 22.
Kiffin's Rebels went 5-5 in 2020, his first year in charge of the program, and led the Rebels to an Outback Bowl win. The win represented Ole Miss' first bowl appearance since the end of the 2015 season.
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This article originally appeared on Mississippi Clarion Ledger: Ole Miss football coach Lane Kiffin gets big salary bump in new deal
