Chip Kelly Salary, Contract, Net Worth, and More

UCLA head coach Chip Kelly has been able to turn the program around as one of the top in the Pac-12 which has led to two contract extensions.

The UCLA Bruins have had Chip Kelly lead their football program since 2018, but he has produced mixed results. It was a slow start, but we have seen the Bruins rise to one of the top teams in the Pac-12.

Let’s look at Kelly’s specific details of his contract, salary, and net worth.

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Chip Kelly Salary and Contract in 2023

In November 2017, the Bruins named Kelly as their head coach. He agreed to a five-year, $23.3 million deal that had a $9 million reciprocal buyout.

Since then, he has signed extensions in both 2022 and this past offseason. UCLA decided to go back to Kelly with another new extension after a good 9-3 season in 2022. The deal keeps him with the Bruins through the 2027 season.

Initially, Kelly was set to receive $5.8 million for the 2023 and 2024 seasons. That changed with the new extension, rising to $6.1 million in those same seasons. From 2025 until 2027, his salary per year goes up to $6.2 million each year.

Regarding his buyout, UCLA will have to pay Kelly $8.5 million to fire him before the end of this year. The total amount of the buyout drops to $4.27 million by December of next year. By December 2025, it drops to nothing.

If Kelly decides to leave UCLA before the end of this season, he would have to pay the school $3 million. That figure drops to $1.5 million by the end of the 2024 and 2025 seasons.

Chip Kelly’s Net Worth

It’s unknown what Chip Kelly’s net worth is, as there can only be speculation on how much he currently has. His contract terms each year have ranged around $5 million each year. There’s nothing public about what his incentives are each year, and that could have an impact on his net worth. With UCLA’s recent success, it could be possible it’s even higher than that and will continue to increase.

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