Details emerge on Lane Kiffin contract extension with Ole Miss

College football is in the midst of its wackiest coaching carousel in recent memory, but Ole Miss is holding on to its coach. The Rebels officially announced a contract extension with Lane Kiffin on Saturday night, just moments after the SEC title.

The pay bump or duration of the contract were not announced in the release, but details are starting to emerge. Per ESPN’s Chris Low, the salary is in a range of $7.5 million annually. The second-year head coach just led the Rebels to their first 10-win regular season in school history.

Kiffin’s initial five-year contract with Ole Miss was set to expire after the 2024 season. His first contract was worth $4.5 million annually in base salary, with a $500,000 retention bonus, among other incentives.

With the latest Egg Bowl win, the Rebels punched a ticket to a New Year’s Six bowl game. Currently ranked No. 8 in the AP Poll, the Rebels were paced by Kiffin’s dynamic offense, which averaged over 500 yards per contest. 

It took Kiffin just two seasons to turn around the Ole Miss football program, as he inherited a team in 2020 that had not gone .500 or better since 2015. In his first season, the COVID-19 abbreviated season, Kiffin was still able to amass a 5-5 record and win the Egg Bowl.