Gus Malzahn is an American football coach and player whose fortune is estimated in millions. Furthermore, he has served as head coach in several Universities and has a lucrative salary, which allows him to afford a lavish lifestyle.
Therefore, let’s look into Gus Malzahn’s net worth and earnings from his soccer career. Also, learn about his contract.
Gus Malzahn Net Worth & Earnings
Former Auburn University’s head coach, Gus Malzahn’s net worth is estimated at $10 million. Furthermore, born in 1965 in Irving, Texas, Malzahn started his high school coaching career at Hughes High School in 1991 as the defensive coordinator.
Since then, Malzahn has worked as a quarterback and spent a long time with Auburn University. Finally, he was offered a lucrative contract that helped his fortune grow massively. Thus, let’s see how much he was presented as a contract extension.
Earnings From Coaching
As mentioned earlier, Gus Malzahn’s prime source of income is his coaching career. Furthermore, the average salary of a high school coach is $44,199, and the top earner might make $75,500 per year. Thus, Gus must have made decent money throughout his high school coaching career, starting with Hughes High School.
Moreover, Malzahn coached high school until 2006 and began coaching quarterbacks and calling the offense for the Auburn Tigers. He later coached Arkansas State as a head coach in 2012 and was inducted into the Arkansas High School Coaches Association’s Hall of Fame.
Likewise, the average pay of college football coaches exceeds $2 million, excluding their bonuses which tend to pay significantly more. He coached at Arkansas and moved to Tulsa as an offensive coordinator and assistant coach.
After Tulsa, Malzhan’s journey with Auburn began after Gene Chizik in December 2008. Under his leadership, the team made significant improvements.
As a head coach, Gus served Arkansas State again before being hired back by Auburn. Following the highs and lows with the Tigers. he led the team to the SEC Championship in 2017. After the season, he was offered a seven-year $49 million contract extension with Auburn.
Unfortunately, on December 13, 2020, Malzahn was fired as a head coach. Furthermore, according to ESPN, Malzahn was informed of his dismissal before the team meeting. Regarding the contract payment, it was confirmed that Malzahn would be paid the remainder of it.
If someone is willing to pay you 21.45 million to leave. They really really don’t want you around #Malzahn
— Booger (@ESPNBooger) December 13, 2020
Auburn committed to buyout the remainder of his contract for $21.45 million, making it the largest buyout of a fired coach in college football history.
He is now associated with UCF (University of Central Florida) as their head coach.
Gus Malzahn’s 5-year $11.5 Million Deal
According to Orlando Sentinel, Gus signed a five-year $11.5 million deal to lead the Knots. He will receive an annual guaranteed payment of $2.3 million, which includes $50,000 in base salary.
Likewise, Malzahn will reportedly be making $1.8 million for radio and television shows, engagements, and endorsements. Moreover, he is also eligible for performance incentives up to $500,000 annually for the team’s on-field and academic success.
Furthermore, if UCF is to fire Malzahn without cause before December 21, it must pay 90% of his contract value in semi-monthly installments through the end of the term.
UCF Head Coach Gus Malzahn Purchased $4.1Million Orlando Home In 2021
Since Gus Malzahn’s net worth has been escalating profusely, he decided on a massive purchase worth $4.1 million in March 2021.
According to Biz Journals, Gus is the pending buyer for the home on Via Tuscany in Winter Park. The 7,534 sq. ft estate is listed for $4.1 million as per Realtor.com.
Furthermore, the offensive guru Gus Malzahn invited Al.com reporter Lauren Sisler to his home in Auburn. His home incorporated a self-described man-cave that has been glorified with frame newspaper pages from Auburn’s championship season.
Hence, Gus Malzahn lives grandly with his wife, Kristi Malzahn as his daughters, Kylie Malzahn and Kristi Malzahn are both married. Besides having a grand home, he also drives a BMW i8, which retails for $147,500.
Except for his passion for sports cars, Gus Malzahn is also fond of writing books. He published his first book, The Hurry-Up, No-Huddle: An Offensive Philosophy, in 2003. According to Amazon, the book costs $16.18 for a paperback version. Hence, Malzahn’s earnings from his book, which is rated 4.2 out of 5, also add to his bank account.
Gus Malzahn’s Charitable Foundation, Malzahn Family Foundation
The UCF’s head coach, Gus Malzahn’s fortune proliferated massively, thanks to his coaching career. But, he is not just after money as he and his wife, Kristi, started their new charitable foundation, The Malzahn Family Foundation, in 2016.
The primary aim of the foundation was to give back to society. Likewise, the foundation’s mission is to help meet the physical, mental, emotional, and spiritual well-being of children and their families in need. Thus, the Malzahn couple donated $2 million toward developing a football-only facility at the school.
View this post on Instagram
Similarly, Gus and former Auburn pitcher Tim Hudson represented the Tigers in the 13th annual Chick-fil- Peach Bowl Challange charity golf tournament. The team’s winnings were split between an endowed scholarship at Auburn and the Malzahn Foundation.
Hence, Gus Malzahn’s net worth is increasing, but he is also mandating significant earnings to society. Therefore, let’s hope to hear more of his prosperity in the coming days.