As the coach of the University of Mississippi football team Ole Miss Rebels, Lane Kiffin earns millions of dollars every year. This is how much money he plans to make this year.
After the success of Rebels’ first season, Kiffin was awarded a new contract in January. ESPN Report.
The original transaction signed by Kiffin in 2019 was four years and valued at $16.2 million. His salary for the 2020 season is 3.9 million U.S. dollars and will receive an additional 100,000 U.S. dollars per year until 2023, when his income will reach 4.2 million U.S. dollars.
However, the 46-year-old college football coach’s new contract has a substantial salary increase. Horn Ledger The report cited documents it obtained.
According to documents, if Kiffin is still the coach of the team on December 31, he will receive 4.5 million US dollars this year for coaching Rebels and receive a retention bonus of 500,000 US dollars. According to the new agreement, coaches’ salaries will increase year by year, to $5.25 million in 2022, $5.5 million in 2023, and $5.75 million in 2024.
The media pointed out that Kiffin’s new contract bonus is the same as the bonus in the first contract. Starting in the fifth season, he will still receive a $150,000 bonus for every victory in the Southeastern Conference (SEC), and a $100,000 bonus for defeating the top five non-league teams in the regular season.
If Ole Miss participates in the SEC Championship game, the Nebraska native will receive another $150,000, and if the team wins, it will receive $400,000.
Kiffin has the opportunity to receive rewards based on Rebels’ performance in certain bowls.
If the team enters the New Year’s Sixers, the coach will receive a bonus of $250,000. If the Rebels enter the college football playoffs (CFP) semi-finals, Kiffin will receive $500,000, if they win the CFP championship, they will receive $750,000, and if the team wins the championship, they will receive $1 million.
Kiffin was the first.According to the 34 highest-paid college football coaches in 2020 USA Today Sports University Coach Salary DatabaseWith his salary increase, his ranking is expected to rise this year.
According to the media report, Kiffin earned more than $12 million from 2012 to 2020, including his teaching experience at the University of Southern California and Florida Atlantic University. It is estimated that he is currently worth 6 million U.S. dollars. Celebrity net worth.
Kiffin was originally a football player and served as a quarterback for Fresno State University from 1994 to 1996. He took up a coaching position at the school in 1997.
In 2007, he won his first head coach position with the Oakland Raiders, becoming the youngest coach in NFL history. Soon after, he returned to the college football team.
Ryan Kiffin and USC hope to start a rebounding season against Hawaii.
Photo: Reuters
