Many of those contracts also contain amounts that can be spent on assistants. With rumors that Heupel might be interested in moving onto a head coaching gig at a small school (I believe South Alabama is the rumor du jour), maybe they're trying to funnel more money into assistants as well as part of Odom's extension so he can hold onto Heupel.
I'd probably wait one more year but it isn't uncommon for power 5 head coaches to get another year tacked on earlier in their deal so that they're always sitting with a 'full class' left on their deal. It can't hurt in recruiting, especially in the cuthroat SEC where everyone negatively recruits the hell out of everyone else.
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