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Details released on Kermit Davis’ contract extension

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.

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.