Matt Luke signed a four-year, $12.6 million contract as head coach of the Ole Miss Rebels.
Luke will receive a starting salary of $3 million for 2018 and earn an additional $100,000 per year through 2021.
The contract also contains some incentives. Starting with his third SEC win each season, Luke would receive $150,000 per conference win. A regular-season win against a Power 5 opponent also earns him $150,000.
A trip to the SEC championship will net Luke $150,000, and a win in that game will rake in $400,000.
And what happens if the Rebels make it to the college playoffs? Luke would earn $500,000 just for getting there and $1 million for winning a national championship.
Rick Hynum is editor-in-chief of HottyToddy.com, and Adam Brown is sports editor.