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College Football Team Getting Paid Record $2 Million For Game This Weekend

An interior view of the Florida Gators football stadium.

GAINESVILLE, FL - SEPTEMBER 10: A general view as the University of Florida Gators takes on the Louisiana Tech Bulldogs at Ben Hill Griffin Stadium on September 10, 2005 in Gainesville, Florida. Florida defeated Louisiana Tech 41-3. (Photo by Doug Benc/Getty Images)

Jim McElwain was fired from Florida last year, but the Gators are very much still paying for his tenure, especially with this weekend's game against Colorado State.

Colorado State did a great job on McElwain's contract when he was head coach of the Rams.

He became a hot commodity after a 10-2 2014 season, his third with CSU. He had steady progress, going from 4-8 in his first year, to 8-6, to that 10-win season, which led to him being hired by the Gators.

As part of the $7 million buyout Florida paid to Colorado State, the Gators will pay their visitors a record $2 million for this weekend's game.

ESPN has more on the $2 million deal between Florida and Colorado State.

The Gators will be paying off their $2 million guarantee to the Rams -- the largest single-game payout that any one school has paid to another.


"We're getting paid $2 million?" Rams coach Mike Bobo said. "That's good."

The previous record for a single-game guarantee that any one school has paid to another without getting any compensation in return was $1.7 million, which Ohio State gave Oregon State earlier this season and will be matched in three other games later this season.

McElwain looked to be continuing his success at Florida at first, going 10-4 in his first year in Gainesville. Things slid a bit in year two, despite another SEC East title, and in year three, it became clear that he wasn't figuring out the long-struggling Gators offense.

He finished with a 22-12 (16-8) record in two-plus years at UF.

Florida is 1-1 on the year, after falling to Kentucky for the first time in over three decades last weekend. Colorado State is 1-2, but coming off an upset win over another SEC squad, Arkansas.