I was surprised by the number, too. But my guess is once JW knew who he wanted, he thought he didn’t want to waste a couple days negotiating over a few hundred grand. And if you’re a poor IL program trying to change, you dont want your HC position to be at the bottom of e conference..That's actually not true, Lovie was only making $4 million per, though there was a year or possibly two in which he made $5MM (the contract was wonky to take advantage of the Bucs buyout, and there was a revision made somewhere along the line that moved some money around for unexplained reasons).
But no one would have batted an eyelash if it was like $3.3 million per or something. That would be an appropriate market rate.