When UF ousted McElwain Oct. 29, he was due a buyout of $12.9 million. But the school negotiated an agreement — presumably because McElwain failed to provide evidence to support his Oct. 23 claim he, his family, staff and players had received death threats from the UF fan base.
McElwain still owes Colorado State, his former school, $1.5 million. As part of UF’s deal with the school to meet his $7.5 million buyout, McElwain agreed to pay $2 million during a period of time.
UF is paying former coach Will Muschamp and McElwain $13.8 million in buyouts. Muschamp is still slated to be paid one more installment, leaving Florida paying three head coaches at the same time.
Florida announced McElwain’s exit deal on the same day it released new coach Dan Mullen’s agreement. The former Mississippi State coach will be paid $6.1 million a year and will receive a buyout of $12 million if the school were to terminate him. Mullen would have to pay UF $2 million to get out of the contract.
Mullen will receive a base salary of $3 million, $1.75 million for media and public relations responsibilities and $1.05 million from the school’s equipment deal, including $350,000 from Nike. Mullen also will receive a $200,000 expense account and have access to $70,000 worth of travel on the athletic department’s private plane.