OLE MISS

Here are the details of Ole Miss basketball coach Kermit Davis' contract extension

Nick Suss
Mississippi Clarion Ledger

OXFORD — Ole Miss released the details on Thursday for basketball coach Kermit Davis' recent contract extension.

The reigning SEC Coach of the Year is due a yearly base salary increase every season through 2023. After Davis' original deal spanned four years and was worth $10 million, his new four-year deal is worth $12 million. Davis is due to make $2,850,000 in 2019-20 and that figure will increase by $100,000 every year until he is owed $3,150,000 in 2022-23.

More:Ole Miss, Kermit Davis agree to contract extension

Davis, who coached Ole Miss to a 20-win season and an NCAA Tournament berth in his first season in Oxford, will now be ranked firmly in the top half of returning SEC coaches by yearly salary. He can also make bonuses off incentives written into his contract. Some of the bonuses are as follows:

  • If Ole Miss averages a per-game home attendance greater than 8,000 fans, Davis is due a $50,000 bonus. If Ole Miss averages a per-game home attendance greater than 9,000 fans, Davis is due a $75,000 bonus. Ole Miss' average home attendance per game in 2018-19 was 7,816 fans.
  • Davis is due a $10,000 bonus for finishing in the top four in the SEC regular season standings. Ole Miss finished seventh in the SEC regular season standings in 2018-19.
  • Davis will make a $100,000 bonus if Ole Miss wins the SEC regular season title, or a $50,000 bonus for winning the SEC Tournament title. He'll be due a $25,000 bonus if Ole Miss makes it to the SEC Tournament final but loses.
  • If Davis qualifies for the NCAA Tournament, he's due a $50,000 bonus. For each win up to the Final Four, he's due another $25,000. Participation in the Final Four earns Davis a $125,000 bonus, or a $250,000 bonus for winning the national championship.
  • If Davis wins SEC Coach of the Year as he did in 2019, he'll be owed $50,000. He'll make $75,000 if he's named the NCAA Coach of the Year.

Contact Nick Suss at 601-408-2674 or nsuss@gannett.com. Follow @nicksuss on Twitter.