ATLANTA After just one year and two days on the job, Gus Malzahn has a new contract.
Malzahn's new deal is set to increase to $3.85 million next year up from $2.4 million in his old contract and it only gets better for the Tigers' first-year coach, as that salary will increase by $250,000 in each subsequent year.
Auburn athletic director Jay Jacobs made the announcement on Friday, one day before Malzahn leads Auburn into the SEC Championship game against Missouri.
"As I've said before, we want Coach Malzahn to be at Auburn for a long time, Jacobs said in an official release from the university. "The new contract includes a raise and extension and is our statement that Auburn is committed to Coach Malzahn for the long haul. While this season has been remarkable, I'm equally excited about the future of our program under his leadership. The future of Auburn football is very bright.
In an interview with reporters Thursday, Jacobs expressed his belief that Malzahn needed to be in the "top half" of the SEC's highest-paid coaches, as his then-contract had him 11th in the conference among schools that report salaries. (Vanderbilt does not release its salary information.)
With his new deal, Malzahn moved up to sixth, just ahead of South Carolina's Steve Spurrier at $3.3 million.