Florida raises basketball coach Todd Golden’s wage to $6M every year
GAINESVILLE, Fla. (AP)– Florida basketball coach Todd Golden has actually signed an agreement extension that raises his annual income to $6 million, a lucrative bump nearly a month after the Gators won the national championship.Golden inked a six-year,$40.5 million extension Tuesday night, including a year to his current offer and putting him under contract through the 2030-31 season. He signed a two-year extension in March 2024 that increased his typical salary to$ 4.1 million annually.Advertisement His most current raise is a substantial dedication from Florida and puts Golden nearly on par with football coach Billy Napier, who is set up to make$7.4 million in 2025. Golden’s offer pays$6 million a year(start April 16, 2025), with a $300,000 pay walking every
year after.”Todd has done an extraordinary job getting Florida males’s basketball back where it belongs,”athletic director Scott Stricklin stated in a statement.” Our companied believe in his vision, his competitive nature and his contemporary method to the game back in 2022, and he has actually confirmed that belief in a relatively short time and helped produce memories of a lifetime for another generation of Gator fans.”The new money makes the 39-year-old Golden the second-highest-paid basketball coach in the Southeastern Conference behind Arkansas’ John Calipari, who makes$8 million every year. Golden, when an assistant under Bruce Pearl at Auburn who got his very first head training job at San Francisco in 2019, formerly ranked 12th out of 16 coaches in the league.Advertisement He now jumps to fifth amongst the 7 active coaches with nationwide titles, behind Bill Self of Kansas, Calipari, UConn’s Dan Hurley and Michigan State’s Tom Izzo.
“As we have actually shown
throughout our time in Gainesville, the University of Florida is an organization that has the resources, support, and people in location to compete and win national championships
,”Golden said in a statement.Golden’s brand-new deal is nearly totally ensured. Florida would owe him 85% of the remaining value if the school fired him without cause at any point.Golden’s buyout to leave Gainesville starts at$16 million
next season and drops every year: $11 million in 2026-27;$4 million in 2027-28;$3 million in 2028-29;$ 2 million in 2029-30; and$1 million in 2030-31. Ad However, Golden can leave for the NBA at a much lower rate. His NBA buyout starts at $3 million next season and drops to $2 million (2026-28)and after that$1 million in 2028-29. Included
in Golden’s yearly settlement is a$ 500,000 signing reward, a$ 500,000 annual durability reward and a $60,000 annual expenditure account. In addition to that, he gets$
70,000 annually in travel allowance for utilizing the university athletic association’s airplane and other fringe benefits valued at $62,000. He would get a$100,000 benefit for winning the SEC regular-season championship, a$50,000 bonus for winning the SEC Competition, a$100,000 reward for making the NCAA Competition and a $50,000 bonus
for every NCAA Competition victory.With Golden at the helm for his third season in Gainesville, the Gators completed 36-4 and beat Houston to clinch the program’s 3rd nationwide title. They won their last 12 games, consisting of four in the NCAA Competition in come-from-behind fashion.Advertisement Florida’s design of play under Golden has drawn rave evaluations, resulting in sellouts in eight of the group’s last 10 home games. Florida balanced 84.8 points a game this season after setting the program record(85.6) throughout the 2023-24 campaign.Golden became the 3rd coach this century to win a national title within his very first 3 seasons on the job, signing up with North Carolina’s Roy Williams(2005 )and UConn’s Kevin Ollie( 2014). Williams and Ollie accomplished the task in their second seasons.Golden has a modest reconstruct on his hands now. Leading scorer Walter Clayton, the Final Four’s Many Impressive Player, is headed to the NBA along with fellow guards Alijah Martin and Will Richard. Forwards Alex Condon and Rueben Chinyelu are going through the NBA draft procedure with the potential to remain in school and return for next season.Backup guard Denzel Aberdeen(Kentucky )and backup forward Sam Alexis(Indiana)moved, and assistant coaches Kevin Hovde(Columbia)and John Andrzejek (Campbell )took head coaching jobs.Advertisement Golden signed two guards out of the transfer website– Princeton’s Xaivian Lee and Ohio’s AJ Brown– and have swingman CJ Ingram and guard Alex Lloyd signing up with the group as inbound freshmen. ___ Get poll notifies and updates on the AP
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