Pat Dooley of The Gainesville Sun reports that new Florida coach Will Muschamp will make $2.7 million per year and has a five-year contract.

So obviously Florida athletic director Jeremy Foley wasn't interested in going out there and waving around a bunch of money just to see what big names he could attract. His target was Muschamp, and Foley knew he could get Muschamp for a reasonable price.

How reasonable?

Consider this: Vanderbilt just offered a guy more money per year than Florida. Auburn offensive coordinator Gus Malzahn turned down a deal at Vanderbilt that would have paid him in the $3 million range annually. Malzahn elected to stay at Auburn and promptly received a new deal there that will pay him $1.3 million annually.

Here's an updated look at the SEC head-coaching salaries:

Nick Saban, Alabama: $5,997,349

Les Miles, LSU: $3,905,000

Bobby Petrino, Arkansas: $3,560,000

Mark Richt, Georgia: $2,937,740

Will Muschamp, Florida: $2,700,000

Houston Nutt, Ole Miss: $2,509,000

Derek Dooley, Tennessee: $2,121,391

Gene Chizik, Auburn: $2,103,500

Steve Spurrier, South Carolina: $2,032,500

Joker Phillips, Kentucky: $1,706,600

Dan Mullen, Mississippi State: $1,208,295