New UCLA Head Football Coach Chip Kelly, right, and Director of Athletics Dan Guerrero during a press conference on the UCLA campus at Pauley Pavilion, Monday, Nov. 27, 2017. (Photo by Hans Gutknecht, Los Angeles Daily News/SCNG)
UCLA released the details of Chip Kelly‘s five-year, $23.3 million contract the new head coach signed in November on Friday.
The deal will pay Kelly $3.3 million in the first year with up to $1.085 million available in bonuses and it tops out $4.6 million, due during each of the fourth and fifth years.
Unlike the tiered buyout that former head coach Jim Mora had in his contract, Kelly’s buyout is a flat $9 million reciprocal buyout due if the contract is terminated within the first four years.