It turns out, Kermit Davis received a very healthy raise to leave Middle Tennessee State and join Ole Miss.
Davis will make $2.5 million per season, according to contract details released by Ole Miss on Monday evening. It’s a 4-year deal worth $10 million, plus incentives.
— Brad Logan (@BradLoganCOTE) March 19, 2018
Davis only made $750,000 with the Blue Raiders last season, according to USA Today’s coaching salary database. USA Today reported Andy Kennedy’s salary at Ole Miss was just above $2 million.
That number will make Davis one of the 25 or 30 highest paid coaches in all of college basketball, depending on other movement in the coaching carousel and annual raises around the country that have yet to be determined.
It’s also competitive with other mid-level basketball programs in the SEC. Auburn’s Bruce Pearl and LSU’s Will Wade each reportedly made $2.5 million last season.
Committing this much salary to Davis is potentially a good sign of things to come for Rebels basketball. Initially, hiring Davis looked like another low-reward, low-risk move for the athletic department.
Barring potential raises, Davis will make more money than several other more accomplished coaches next season. Kansas State’s Bruce Weber, Tennessee’s Rick Barnes, Cincinnati’s Mick Cronin, Mississippi State’s Ben Howland and Gonzaga’s Mark Few all made less than $2.5 million, per USA Today’s database.
Davis’ contract also includes language for performance bonuses. He could earn more cash depending on Ole Miss’ performance in the SEC, the SEC Tournament, the NCAA Tournament or the NIT. Davis would receive a bonus of $250,000 if the Rebels win the NCAA Tournament with him at the helm.
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