Even as Florida Atlantic has made a significant commitment to Lane Kiffin — and vice versa — it still won’t cost Power Five programs a sizable amount of money to pry him away from the Conference USA school.
It was confirmed in December of last year that Kiffin and FAU had reached an agreement in principle on a new 10-year contract, although very few, if any, particulars were made available. Fast-forward six months, and fauowlaccess.com is reporting that not only is the deal now official, but there are also some specifics contained in the revamped contract that can now be revealed.
Most notably, given the fact that most expect Kiffin to bolt for a bigger job at some point after the 2018 season ends — of course, those same observers thought the same after the 2017 season ended — is the buyout language contained in the new contract. Specifically, it remains the same language contained in the old five-year deal the new 10-year pact replaced.
From the website’s report:
FAU elected not to alter the buyout clause in Kiffin’s contract. Leaving between now and January of 2019 would cost Kiffin $2 million. The buyout drops $500,000 per year through 2021.
A $2 million buyout, of course, would not prevent most Power Five schools from pursuing Kiffin if they’re looking for a head coach as the 2018 regular season winds down.
As for pay, Kiffin’s annual base salary of $950,000 remains unchanged from the terms of his previous deal, fauowlsaccess.com is also reporting. That $950,000 is also what he was paid in 2017, a number that was third in the conference behind UT-San Antonio’s Frank Wilson ($1.137 million) and North Texas’ Seth Littrell ($991,000).
Taking over a program that was coming off of back-to-back-back 3-9 seasons, Kiffin led the Owls to an 11-win campaign in 2017 that included a 10-game winning streak that they’ll carry into 2018. The wins set a school record and the football program also claimed its first-ever conference championship.