Mike White, Jim McElwain Agree to New Contracts with Florida

The University of Florida announced one-year contract extensions for head basketball coach Mike White and head football coach Jim McElwain on Friday.

Edgar Thompson of the Orlando Sentinel reported both Gators coaches received raises as part of their new deals, and McElwain was given "significant performance bonus increases."

"Both Coach Mac and Coach White have done a phenomenal job of leading our programs and we are looking forward to having them lead the Gators for years to come," athletics director Scott Stricklin said. "As much as both have won games and provided a lot of great memories for our fans and stability for the programs they lead, they have both had a huge impact on the development and personal growth of the athletes they coach."

The Orlando Sentinel noted White received an increase over just over $613,000 in his total compensation to a total of $2.525 million for the 2017-18 season. Meanwhile, McElwain's overall salary jumped to $4.48 million, with the potential for $875,000 more in bonuses.

White is now under contract through the 2022-23 season. McElwain through the 2022 campaign.

Both coaches also carry hefty buyouts in the contracts, per Thompson. White would receive $1.75 million for each season, and McElwain checks in at $2.5 million per year if either of their deals are terminated before they run out.

The Gators' basketball program is back on the ascent following a brief two-year lull during the transition from Billy Donovan, who guided the team to a 16-17 record in his final year before leaving for the Oklahoma City Thunder, to White.

Florida posted a 21-15 record during his first year in charge but returned to prominence last season with a 27-9 mark and a trip to the Elite Eight before losing to South Carolina.

McElwain has brought a similar sense of stability to the football team. The Gators accumulated an 11-13 record across the final two seasons of the Will Muschamp era.

The former Alabama offensive coordinator led the squad to a 19-8 mark over his first two years, including 13 wins in 16 SEC games.