Head coach Will Muschamp has received a $250,000 raise and will now earn just under $3 million each year through the 2017 season, making him the seventh-highest paid coach in the Southeastern Conference.

According to the Sporting News, which first reported the raise, Muschamp will now bring home $2,928,971 per season before bonuses. That ranks him behind the following SEC head coaches, each of whom has more experience leading a program: Alabama’s Nick Saban ($5.5 million), LSU’s Les Miles ($3.8 million), South Carolina’s Steve Spurrier ($3.3 million), Georgia’s Mark Richt ($3.2 million), Arkansas’ Bret Bielema ($3.2 million) and Texas A&M’s Kevin Sumlin ($3.1 million).

“[Florida president] Dr. [Bernie] Machen and I believe very strongly in Coach Muschamp and his leadership and we felt it was appropriate to adjust his salary to be more in line with the market value,” said Gators athletic director Jeremy Foley in a statement released to the media and first published by The Gainesville Sun.

Muschamp originally signed a five-year deal worth $13.75 million with Florida in 2011 but received a $500,000 bonus when the Gators, in Jan. 2012, extended his contract through the 2016 season. Just six months later, in Nov. 2012, Florida extended his deal through 2017 and paid Muschamp an additional $250,000 bonus.

He also receives $200,000 per year from Nike and has an annual expense account of over $60,000. Muschamp can earn bonuses of $75,000 for winning the Southeastern Conference Championship and $250,000 for winning the BCS National Championship in addition to universal salary increases for various bowl game appearances.

In his first two seasons with the Gators, Muschamp has tallied an 18-8 record. Florida had a four-game turnaround in 2012, going from 7-6 the previous season to 11-2 at the end of last year’s campaign. Muschamp, who was named Co-SEC Coach of the Year (along with Sumlin) in 2012, is 1-1 in bowl games, 2-0 against Tennessee, 1-1 against Florida State, 1-1 against LSU and 0-2 against Georgia.