Dan Mullen will be the highest-paid college football coach in Florida and the fifth-highest paid in the nation under the terms of his six-year contract with the University of Florida that was released on Tuesday.

 

Mullen will get $6,103,000 per year for the next six years, putting him behind Alabama’s Nick Saban ($11,132,000), Clemson’s Dabo Swinney ($8,504,000), Michigan’s Jim Harbaugh ($7,004,000) and Ohio State’s Urban Meyer ($6,431,000).

Florida State’s Jimbo Fisher gets $5.7 million per year and former UF coach Jim McElwain, who was fired on Oct. 29, got $4,457,000 per year.

Mullen will make $200,000 for winning the SEC championship, $400,000 for winning the College Football Playoff and $75,000 for winning a national coach of the year award. Including a bonus for the team’s academic performance, Mullen has the potential to earn almost another $1 million per year if the team meets the performance incentives.

Mullen will earn a base pay of $3 million per year, $1.75 per year for fulfilling media and booster obligations, $700,000 for equipment, $350,000 from Nike and $200,000 for an expense account.

He’s getting a $1.5 million per year raise from his salary at Mississippi State.

Mullen also gets up to $70,000 for use of the UAA plane and a $33,000 annual pension contribution. Florida is making $5 million available for the assistant coaches’ salaries.

His buy-out is $12 million should he be fired without cause. Mullen will owe UF $2 million if he resigns.

Florida also released the terms of Jim McElwain’s buy-out. He was due $12.9 million but the university negotiated a $7.5 million compromise because he was fired for cause after making unsubstantiated claims that his players and coaches received death threats.

McElwain will get a payment of $3.75 million on Friday and $250,000 on Feb. 15 of next year. After that, he will receive three payments of $1 million on July 1 in 2018, 2019 and 2020, and a final payment of $500,000 on July 1 of 2021.

There is a clause in the buy-out that prohibits McElwain from making public remarks criticizing the University of Florida and he may not recruit high school prospects currently being recruited by UF.