- ABC News
- December 4, 2014
AC
Jim McElwain's representatives and Colorado State have cleared up the issues surrounding his buyout, and McElwain has agreed to become the next head coach of the Florida Gators. The coach will be paid an average of $3.5 million per season over the six-year contract, according to sources. To settle the dispute over McElwain's $7.5 million buyout that had hung up an agreement before Thursday morning, Florida agreed to pay $3 million over six years to Colorado State and also agreed to a future game -- with a $2 million guarantee -- in Gainesville sometime between the 2017 and 2020 seasons, sources told ESPN's Brett McMurphy. In addition, McElwain has agreed to pay $2 million to Colorado State over time, sources told McMurphy. The school announced McElwain's hiring on Twitter but hasn't disclosed any contract terms. McElwain hasn't finalized his staff, but does expect to interview some of the Gators' current assistants, sources said. McElwain, 52, was in his third season...