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Lane Kiffin contract details: Ole Miss puts coaching rumors to rest with extension

Lane Kiffin’s title has been hooked up to practically each coaching rumor of late. That exercise might be put to rest.

Ole Miss announced Saturday that it had agreed to a brand new contract with Kiffin after he guided the Rebels to their first 10-win common season in class historical past.

“We are dedicated to profitable championships at Ole Miss, and Coach Kiffin is the particular person to lead us to these heights,” athletic director Keith Carter stated in an announcement. “With his profitable edge, offensive imaginative and prescient and recruiting prowess, he has rapidly cemented our crew among the many finest within the nation, and that is simply the beginning. With main facility tasks on the horizon, we’re investing on this program like by no means earlier than and look ahead to constructing on the inspiration that Coach Kiffin has established.”

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MORE: Georgia’s Kirby Smart says he has confidence in Stetson Bennett after QB struggles late vs. Alabama

The Rebels are eighth within the College Football Playoff rankings and are headed to a New Year’s Six bowl.

How a lot cash will Kiffin make in his new deal? Sporting News takes a glance.

Lane Kiffin contract particulars

Kiffin’s new contract will make him one of many highest-paid coaches within the sport. According to ESPN, he’ll make about $7.5 million yearly.

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The Clarion Ledger reported that the brand new deal will preserve him in Oxford by 2025, including a 12 months to his contract. Also in accordance to the report, below Mississippi legislation, Kiffin can solely be contracted for 4 years at a time as a public worker.

When Kiffin first signed with Ole Miss, he was set to make $3.9 million in 2020 and obtain a wage improve of $100,000 for every season he remained with the college, according to an earlier report from the Clarion Ledger.

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He then signed a one-year extension earlier than the 2021 season, growing his wage to $4.5 million, the newspaper reported. As a part of the settlement, he would obtain $150,000 per SEC win beginning with the fifth in a season, and an additional $100,000 for beating nonconference Power 5 opponents. He would pocket a further $150,000 for reaching the SEC championship sport and $400,000 for profitable the convention. This season, Ole Miss went 6-2 within the SEC and defeated Louisville.

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Specific bonuses in his new contract have but to be reported, however he is seemingly to be well-compensated for any such milestones which can be reached within the extremely aggressive SEC West.

Highest-paid school soccer coaches

Kiffin’s new pact puts him among the many highest-paid coaches in school soccer, and it’s the fourth main contract handed out this season, alongside with Brian Kelly at LSU, Lincoln Riley at USC and Mel Tucker at Michigan State.

MORE: What Georgia’s loss to Alabama means for Cincinnati, Notre Dame in CFP rankings

Sportsnaut lists these coaches because the highest-paid in school soccer, not together with Kiffin.

Rank
Coach
School
Annual wage
1
Lincoln Riley
USC
$10 million-plus (estimated)
2
Nick Saban
Alabama
$9.8 million
T-3
Brian Kelly
LSU
$9.5 million
T-3
Mel Tucker
Michigan State
$9.5 million
5
David Shaw
Stanford
$8.9 million
6
Dabo Swinney
Clemson
$8.4 million
7
Jimbo Fisher
Texas A&M
$7.5 million
8
Kirby Smart
Georgia
$7.1 million
9
James Franklin
Penn State
$7 million
10
Ryan Day
Ohio State
$6.6 million

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