Lane Kiffin, Ole Miss Agree to New Contract amid Miami Head Coaching Rumors

Paul KasabianFeatured Columnist II

Mississippi head coach Lane Kiffin walks along the sidelines during a timeout in the second half of an NCAA college football game against Vanderbilt in Oxford, Miss., Saturday, Nov. 20, 2021. Mississippi won 31-17. (AP Photo/Thomas Graning)
AP Photo/Thomas Graning

Ole Miss head football coach Lane Kiffin has decided against jumping on the latest coaching carousel.

The university announced it agreed to a new contract with Kiffin, who has led the No. 8 Rebels to a 10-2 record. Ross Dellenger of Sports Illustrated later reported details of Kiffin's new deal on Monday:

Ross Dellenger @RossDellenger

Details of Lane Kiffin's new contract, per <a href="https://twitter.com/SInow?ref_src=twsrc%5Etfw">@SINow</a> sources:<br>- starting salary of $7.25M, escalates by $100K each year ($7.55M in final year 2025).<br>- support staff salary pool to reach a minimum of $3.5M<br>- Kiffin can get as much as a $200K bonus if at least 40K season tickets sold

Reports previously connected Kiffin to the University of Miami, with Andy Slater of Fox Sports 640 South Florida notably stating in November that the 46-year-old would leave for South Florida if the Hurricanes' job opened up.

Kiffin is staying in Oxford, however, as Ole Miss appears headed for a New Year's Six bowl amid one of the best seasons in school history.

Nick Suss of the Mississippi Clarion-Ledger wrote the deal will keep Kiffin in Oxford through 2025. It's a one-year extension for Kiffin, per Suss, who added details on the coach's contract the last time he and the school agreed to a new deal last February.

"Kiffin signed his most recent extension on Feb. 28, 2021. That contract gave Kiffin a base salary of $4.5 million for 2021, plus a $500,000 retention bonus for staying in Oxford through Dec. 31. Those values increased by $250,000 each year counting the retention bonus, culminating in a contract worth $5.75 million in 2024."

Big-name coaches have made huge moves in recent days, with Lincoln Riley headed from Oklahoma to USC and Brian Kelly going from Notre Dame to LSU.

Kiffin, though, will not be the next coach to create a massive wave in the college coaching landscape.

He's in his second year in Oxford after leading the Rebels to a 5-5 record last year. The Rebels have doubled their win total despite a litany of injuries on the offensive side of the ball. Despite that, Heisman Trophy candidate and quarterback Matt Corral has led an explosive offense that crushed the SEC this year.

Kiffin has been rewarded for his team's success, and now the Rebels will look to finish the year on a high note in a likely New Year's Six bowl appearance. The latest projections from CBS Sports' Jerry Palm have Ole Miss playing Pitt in the Peach Bowl.