Gators give McElwain, White raises, extensions
extra $300,000, he is set to earn $2,525,000 in 2017-18 — a raise of $613,501 — with GAINESVILLE — Florida $75,000 annual increases announced raises and conthrough the end of the contract extensions for Gators tract. That means he’s set football coach Jim McElwain to earn $2,900,000 for and men’s basketball coach the 2022-23 season with Mike White on Friday. an average annual salary
Florida extended McElof $2,712,500 over the sixwain’s contract one year year term of the contract. through January 2023 and The bonus structure in his raised his annual salary by contract has not changed. $196,300 to $4,486,000, tak“Both Coach Mac and ing effect 2017-18. The full Coach White have done a six-year value of the conphenomenal job of leadtract is now $26,917,800. ing our programs and we
McElwain’s maximum are looking forward to havbonus potential will also ing them lead the Gators increase from $450,000 for years to come,” Florto $825,000, which is ida Athletic Director Scott not reflected in the salStricklin said in a statement. ary figures. There is also “As much as both have won an increase in the amount games and provided a lot of owed McElwain should he be great memories for our fans terminated without cause, and stability for the proincreasing from $2,250,000 grams they lead, they have to $2,500,000 per year both had a huge impact on remaining on the contract the development and persubject to mitigation from sonal growth of the athletes other SEC employers. they coach.”
McElwain is 19-8 in two McElwain’s annual comseasons at Florida, leading pensation is broken down the Gators to the SEC Chamas follows: $275,700 base pionship Game each year. salary, $2,650,000 media/
White, meanwhile, had a PR, $253,200 in equipment, breakout 2016-17 season in $175,000 expense account, his second year leading the $350,000 equipment from men’s basketball program. Nike, $32,400 pension and Florida went 27-9 while $750,000 retention bonus. reaching the Elite Eight. Meanwhile, the addi
That has earned White an tions to McElwain’s potenextra year on his contract, tial performance bonuses extending it to April 2023. are significant. He would After earning $1,911,499 in add $100,000 for making annual guaranteed compenthe league championship sation last year with perforgame (up from $37,500 premance bonuses adding an viously) or $200,000 for winning the SEC championship (up from $75,000); $100,000 if the Gators reach any bowl game (up from $37,500); $200,000 if they reach a Big 6 bowl game (up from $100,000); $250,000 for appearing in the College Football Playoff semifinals (up from $150,000) or $300,000 for appearing in the College Football Playoff championship game (up from $200,000) or $400,000 for winning the College Football Playoff (up from $250,000); $50,000 for winning SEC Coach of the Year (up from $25,000); $75,000 for winning national coach of the year (up from $50,000); $100,000 for finishing in the top 10 (up from $50,000); and a potential $100,000 in academic bonuses (up from $4,000).
Bonuses for successive achievements (i.e. reaching the SEC Championship Game and winning the SEC Championship Game) are one or the other and not cumulative. However, he could receive both the league and national coach of the year award bonuses.
His academic bonus incentives are specified as $100,000 for a single year APR of 965 or higher, $75,000 for a single year APR of 950 or higher and $50,000 for a single year APR of 940 or higher.
The maximum total McElwain could receive in bonuses is $825,000.