Details released on Kermit Davis’ contract extension
Published 11:46 am Thursday, April 4, 2019
Ole Miss announced two weeks ago that they were agreeing to a new, four-year contract with head basketball coach Kermit Davis. Thursday afternoon, they released the details on the contract.
Davis’ base salary starts at $2.85-million in 2019, escalating to $3.15-million during year four, an average of $3-million per year over the course of the four-year deal. The contract makes Davis one of the top-25 highest paid NCAA Division I basketball coaches in the nation, according to the USA Today contract database.
— Nathanael Gabler (@ngabler4) April 4, 2019
In addition to the base compensation, the contract includes annual incentives tied to attendance numbers, conference wins, postseason play and awards.
Davis will earn an extra $50,000 if attendance averages 8,000 per game or more or if over 5,500 season tickets are sold. He will earn an additional $100,000 if the team finishes top-4 in the SEC and $50,000 for each NCAA Tournament birth.
SEC Coach of the Year awards, as he won this year, will net him an extra $50,000 and national coach of the year awards will be $75,000. For full contract details and incentives, see the press release photo on twitter @ngabler4 or on oxfordeagle.com.