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

Lane Kiffin’s name has been attached to almost every coach rumor at the end of the year. That activity can be put to rest.

Ole Miss announced on Saturday that they had agreed to a new contract with Kiffin after he guided the Rebels to their first 10 regular-season wins in school history.

“We are committed to winning championships at Ole Miss, and Coach Kiffin is the man who led us to those heights,” athletic director Keith Carter said in a statement. “With his winning edge, attacking vision and recruiting prowess, he has quickly cemented our team as one of the best in the nation and this is just the beginning. A major grassroots project is underway, we are investing more in this program than ever before and look forward to building on the foundation that Coach Kiffin has established.”

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The Rebels are eighth in the College Football Playoff rankings and are at the top of the New Year’s rankings.

How much money will Kiffin make in his new trade? Sporting News take a look.

Lane Kiffin contract details

Kiffin’s new contract will make him one of the highest paid coaches in the sport. According to ESPN, he will earn about $7.5 million per year.

The Clarion Ledger reported that the new deal will keep him at Oxford until 2025, adding a year to his contract. According to the report, under Mississippi law, Kiffin can only be signed to a four-year contract as a public servant.

When Kiffin first signed with Ole Miss, he made $3.9 million in 2020 and got a raise to $100,000 for each season he remained with the school, According to an earlier report from Clarion Ledger.

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He then signed a one-year extension before the 2021 season, increasing his salary to $4.5 million, The newspaper reported it. As part of the deal, he will receive $150,000 for every SEC win starting with his fifth win in a season, and an additional $100,000 for beating non-participating Power 5 competitors. He will pocket an extra $150,000 if he hits the SEC championship game and $400,000 to win the conference. This season, Ole Miss won 6-2 in the SEC and beat Louisville.

Specific bonuses on his new contract have yet to be reported, but he will likely be well compensated for any such milestones reached in the highly competitive SEC West.

Highest Paid College Football Coach

Kiffin’s new contract puts him on the list of the highest-paid coaches in college football and it’s the fourth-biggest deal awarded this season, along with Brian Kelly at LSU, Lincoln Riley at USC and Mel Tucker at Michigan State.

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Sportsnaut lists these coaches is the highest paid in college football, excluding Kiffin.