How Much Money is Lane Kiffin Making per Year in 2024?

By Edcel Panganiban April 02, 2024 15:41

Lane Kiffin, the head coach of the Ole Miss Rebels football team, has been making headlines not only for his team's on-field success but also for his substantial earnings in 2024.

Kiffin, who recently secured a contract extension, has been a significant figure in college football, and his annual earnings reflect his influence and contribution to the sport.

Contract Extension and Base Salary Increase

In December 2023, Lane Kiffin received a contract extension that keeps him under contract with Ole Miss through 2028.

The extension also included a raise on his base salary, which was set at $8.75 million for the 2024 season.

This amount represented a significant increase from his previous base salary and showcased the university's commitment to retaining him as the head coach.

The financial terms of the new contract were not disclosed at the time of the announcement, but Kiffin's base salary was set to increase by $100,000 to $8.85 million in 2024.

Additional Earnings from Playoff Performance

Apart from his base salary, Lane Kiffin is eligible for additional earnings based on his team's performance in the College Football Playoff.

If the Rebels qualify for the playoff and make a first-round appearance, Kiffin and his coaching staff are entitled to receive an additional $20,000 each.

In the event of winning the College Football Playoff, the bonus can reach up to approximately $80,000 for the assistant coaches.

Impact of New Coaching Staff

In 2024, Lane Kiffin made significant additions to his coaching staff, which also impacted the overall coaching expenses for the football program at Ole Miss.

The three new coaches, Bryan Brown, George McDonald, and Joe Cox, combined to make $1.7 million in 2024. Bryan Brown, the secondary coach and co-defensive coordinator, was the highest-paid newcomer, earning $750,000 in his first year, which was set to rise to $825,000 in 2025.

George McDonald, the receivers coach, was set to earn $625,000 in 2024, while Joe Cox, the tight ends coach, was slated to earn $325,000. Each of their contracts is expected to expand should they remain with the program for the 2025 season.

Comparison with Previous Coaching Staff

The departure of the previous coaching staff members also sheds light on the impact of Kiffin's hiring decisions on the overall coaching expenses.

For instance, Keynodo Hudson, who was replaced by Bryan Brown, was set to make $325,000 in 2024. Similarly, Derrick Nix, who was replaced by George McDonald, would have earned $700,000 had he stayed at Ole Miss. Joe Cox, who replaced John David Baker, was set to earn $510,000 in 2024 as a Rebel.

Outlook and Implications

Lane Kiffin's substantial earnings and the investment in the coaching staff underscore the university's commitment to building a successful football program.

The financial and contractual details provide insight into the significant role played by Kiffin and his coaching staff in shaping the future of Ole Miss football.

The potential additional earnings from playoff performances further highlight the competitive nature of collegiate football and the rewards associated with success at the highest level.

The addition of new coaches and the associated expenses provide a comprehensive understanding of the financial landscape of collegiate football and the significance of coaching staff in driving the success of a program.

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