Florida Hires Jim McElwain As New Coach

Former Colorado State coach Jim McElwain has officially been hired to be the next head coach at Florida. The school announced the news on Twitter Thursday morning:

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The deal had been hung up before Thursday morning as Colorado State refused to budge on McElwain's $7.5 million buyout and Florida had refused to pay the entire amount. It is unclear at this point if Florida agreed to pay the full buyout amount or if the schools settled on a smaller amount.

McElwain, 52, was in his third season at Colorado State. The Rams (10-2) have won 16 of their last 20 games dating to last season. That's after losing 27 of 36 games in the three seasons prior to McElwain's arrival in 2012.

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