Report: Jim McElwain takes staggering loss after selling Gainesville home

Jim McElwain has reportedly suffered another massive loss in Gainesville. This time, the damage came in the real estate market rather than on the gridiron.

According to the Associated Press, McElwain lost $400,000 when he sold his Gainesville home. Per the report, he sold the house in January for $1.4 million after purchasing it in 2015 for $1.8 million.

McElwain has relocated to Ann Arbor, Michigan, where he now serves as the Wolverines’ receivers’ coach.

His 11,000-square foot home appeared to be the last tie between McElwain and the Gator community. With that symbol now gone, the two parties can move on without a hitch.

McElwain parted ways with the Gators after refusing to provide proof that he and his family received  death threats during a rough streak in 2017. He accepted a  partial settlement for the remainder of his contract.

In almost three seasons as Florida’s coach, McElwain won two SEC East titles but struggled to put points on the board the same way that previous coaches Steve Spurrier and Urban Meyer did before him. He also failed to defeat Alabama in either of his SEC Championship Game appearances.

McElwain has also served as an assistant for Colorado State and Alabama in his coaching career.

The Gators replaced McElwain with former Mississippi State coach Dan Mullen.

The post Report: Jim McElwain takes staggering loss after selling Gainesville home appeared first on SEC Country.

Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to exclusive deals and newsletters.

Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.

X