Bielema will earn $2.95 million each year, which will be paid through "public and private funds," according to the 71-page contract. His salary will be paid in 12 equal monthly installments, in which he will receive payment on the last day of each calendar month. That means Bielema will collect a monthly paycheck of around $245,000.
There are also academic and on-field incentives available, which total an extra $700,000, including $350,000 if he wins a national championship.
Not including incentives, Bielema has the 14th highest salary in the NCAA and the fifth highest in the Southeastern Conference, according to a USA Today database updated July 1. This doesn't include "other pay" that some coaches receive because some of that information is not available.
The contract runs through Dec. 31, 2018, and if the university wants to fire him, it won't be cheap unless it's "for cause."
If the university "terminates for its convenience," it will have to pay $12.8 million through 2015. That number decreases by $3.2 million each year after that until the end of the contract in 2018.
There is also a non-compete clause, and if Bielema chooses to leave the university without cause to accept a position as a coach or administrator with a college, university or professional organization, he will have to pay a buyout of $3 million in his first contract year, with that number decreasing by $500,000 each year until 2018.
Bielema's entire contract is available to view HERE.