Newspaper article The Florida Times Union

Spurrier, Gators Agree to Mega-Dollar Extension

Newspaper article The Florida Times Union

Spurrier, Gators Agree to Mega-Dollar Extension

Article excerpt

BIRMINGHAM, Ala. -- The University of Florida's Steve Spurrier,

already the nation's highest-paid college football coach, has

agreed in principle to a contract extension that will make him

one of the three highest-paid football coaches at any level,

sources told the Times-Union yesterday.

Spurrier, 52, annually the NFL's hottest coaching prospect,

will make an average of nearly $2 million per season through

2002, sources said. Only two NFL coaches -- New York Jets coach

Bill Parcells ($3.3 million) and Miami Dolphins coach Jimmy

Johnson ($2 million) -- make more money than Spurrier.

Jaguars coach Tom Coughlin recently received a contract

extension estimated at between $1.5 million and $1.75 million

per season.

"We are talking to Steve, but we have not agreed on anything,"

Florida Athletic Director Jeremy Foley said. "It's a review of

his situation, for us to make sure he is being treated fairly in

terms of his value to this university. We are trying to be

pro-active in relation to his contract. We expect it will get

done, hopefully before the season begins."

Sources said the restructuring will be an addendum to

Spurrier's current seven-year contract, which was finalized last

October. Under the terms of that contract, Spurrier was to make

$953,810 this season, $1,160,669 in 1998, $1,173,315 in 1999 and

$1,336,847 in 2000. The last two years are option years, and the

salary was to be renegotiated if both parties agreed to

employment.

Most of the money for the extension will come from the

University Athletic Association, and some could come from shoe

and apparel contracts. UF has two years remaining on a Nike

contract which is worth about $200,000 per year excluding

equipment.

Some of the money for the extension will be deferred, giving

the university some leverage. …

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