- Aug 25, 2014
- 6,357
- 7,087
Lane Kiffin just signed an extension with Ole Miss today. Some of my high level CFB sources, 2 of whom are in Mississippi, filled me in on the details so long as I kept their names anonymous.
Kiffy’s existing deal just concluded its’ first year and was set to expire at the end of the 2026 season (3 more seasons left). The average salary for the remaining 3 years was set to average just a tad shy of $9m per year. Kiffy’s new deal adds 5 more years to the current length so he’s locked in for 8 more seasons. As far as compensation, let’s start with the side dishes. His assistant coaches pool is increasing by approximately 40% immediately with annual escalators built in that will result in total assistant comp that is 105% more in eight seasons than it is today. Furthermore, Ole Miss has budgeted $165m in infrastructure improvements to the stadium & facilities over the next 8 years. Additionally, they have budgeted for an additional 25 support staff positions for Kiffin.
Now for the main course. Kiffin’s salary next year will increase to $13.2m and will increase annually from there. His average salary over the life of the contract will be approximately $14.8m. One of the major points used by Lane’s agent was Billy Napier’s deal here. The logic was if Billy gets $7.1m per year for 5 wins and Lane wins twice as many games as Sun Belt Billy, then Lane should get twice as much money. It’s extremely tough to argue against that position and Kiffin’s new deal reflects that. I fully expect other coaches to use Billy in their future contract negotiation/renegotiation talks.
It looks like our genius administrators will end up spending exponentially more during the next search than they would have a few years ago had they swung for the fences on a big hire. Once again, Foley’s bargain basement thrift store spending practices come back to bite us multiple times on the same Sun Belt Billy hire/future fire fiasco, just like it has on the 3 dipshyts prior to current said dipshyt.
Discuss.
Kiffy’s existing deal just concluded its’ first year and was set to expire at the end of the 2026 season (3 more seasons left). The average salary for the remaining 3 years was set to average just a tad shy of $9m per year. Kiffy’s new deal adds 5 more years to the current length so he’s locked in for 8 more seasons. As far as compensation, let’s start with the side dishes. His assistant coaches pool is increasing by approximately 40% immediately with annual escalators built in that will result in total assistant comp that is 105% more in eight seasons than it is today. Furthermore, Ole Miss has budgeted $165m in infrastructure improvements to the stadium & facilities over the next 8 years. Additionally, they have budgeted for an additional 25 support staff positions for Kiffin.
Now for the main course. Kiffin’s salary next year will increase to $13.2m and will increase annually from there. His average salary over the life of the contract will be approximately $14.8m. One of the major points used by Lane’s agent was Billy Napier’s deal here. The logic was if Billy gets $7.1m per year for 5 wins and Lane wins twice as many games as Sun Belt Billy, then Lane should get twice as much money. It’s extremely tough to argue against that position and Kiffin’s new deal reflects that. I fully expect other coaches to use Billy in their future contract negotiation/renegotiation talks.
It looks like our genius administrators will end up spending exponentially more during the next search than they would have a few years ago had they swung for the fences on a big hire. Once again, Foley’s bargain basement thrift store spending practices come back to bite us multiple times on the same Sun Belt Billy hire/future fire fiasco, just like it has on the 3 dipshyts prior to current said dipshyt.
Discuss.
At least Kiffin would have us sniffing the playoffs occasionally. 
