Malzahn lands $2 million raise, stronger buyout protection
Now it's official.
Auburn on Tuesday released coach Gus Malzahn's revised contract with the school, which is worth an average of $7 million per year through the 2024 season. He'll earn $6.7 million during the 2018 season and will receive a $100,000 raise through the life of the contract.
Malzahn's most recent revision, signed in 2014, was worth an average of $4.725 million per year before bonuses.
His buyout protection is strong. If Malzahn's is terminated without cause, he will be owed 75 percent of the remaining total value of the contract — with half of the contract's value due within 30 days of his termination.
Malzahn will owe Auburn a big check if he chooses to break the deal: $7 million if he leaves before Dec. 31, 2019; $5 million in 2020; $3 million in 2021; $2 million in 2022.