Current:Home > FinanceDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -TradeSphere
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-18 00:20:24
Arkansas’ 39-36 overtime win Saturday at Florida snapped a six-game losing streak and kept the Razorbacks’ slim hopes for bowl eligibility alive for another week.
For Sam Pittman, it did something else.
With the victory against the Gators on Saturday, the Arkansas coach improved his record since the start of the 2021 college football season to 19-16, and guaranteed that he will finish the 2023 season with a mark of at least .500 dating back to the 2021 season-opener.
Because of that, if Pittman is fired without cause at the end of this season, he will be owed 75% of what he his owed on the remainder of his contract, according to the terms of his agreement with Arkansas.
Sam Pittman contract details
Pittman's win over Florida is a notable distinction that is worth millions for Arkansas.
According to the terms of Pittman's contract, obtained by the USA TODAY Network, he will be owed no less than $16.1 million if the university fires him without cause on Dec. 1, 2023. Had he fallen below the .500 win percentage threshold since the start of the 2021 season, he would have been owed only 50%, worth roughly $10.7 million. In either case, he would have to make a good-faith effort to find another job, the income of which would be subtracted from Arkansas' buyout.
Pittman is scheduled to make $6.35 million in 2023 through Dec. 31, including a $5.25 million salary that includes $500,000 in annual salary, $4.5 million in additional compensation for speaking engagements and a $250,000 bonus for winning seven games in 2022. His pay ranks him 22nd among all FBS coaches and 10th among the SEC’s 14 coaches.
At the time he signed the contract, the Razorbacks were rolling under Pittman: In 2021, Arkansas went 9-4 and defeated Penn State in the Outback Bowl to reach its highest win total in a decade. The Razorbacks followed that breakthrough campaign with a disappointing 7-6 mark in 2022, a season in which it got off to a 3-0 start and rose to No. 10 in the US LBM Coaches Poll before losing six of their final 10 games.
This season has been even more difficult, with Arkansas at 3-6 following the win against Florida. That decline has raised questions about Pittman’s job status and his future at the school as he nears the end of his fourth season at the helm.
veryGood! (73919)
Related
- The Best Stocking Stuffers Under $25
- 'Hi, Doc!' DM'ing the doctor could cost you (or your insurance plan)
- Netflix shows steady growth amid writers and actors strikes
- Turn Your House Into a Smart Home With These 19 Prime Day 2023 Deals: Ring Doorbell, Fire TV Stick & More
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- An ultra-processed diet made this doctor sick. Now he's studying why
- Zayn Malik Makes Rare Comment About His and Gigi Hadid's Daughter Khai in First Interview in 6 Years
- The Vampire Diaries' Kat Graham and Producer Darren Genet Break Up One Year After Engagement
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Car Companies Are Now Bundling EVs With Home Solar Panels. Are Customers Going to Buy?
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Why Khloe Kardashian Feels Like She's the 3rd Parent to Rob Kardashian and Blac Chyna's Daughter Dream
- Up First briefing: Climate-conscious buildings; Texas abortion bans; GMO mosquitoes
- Why Author Colleen Hoover Calls It Ends With Us' Popularity Bittersweet
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Lift Your Face in Just 5 Minutes and Save $80 on the NuFace Toning Device on Prime Day 2023
- Nordstrom Anniversary Sale 2023: Everything Ambassadors Need to Know to Score the Best Deals
- Microplastics Pervade Even Top-Quality Streams in Pennsylvania, Study Finds
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
A former teen idol takes on crypto
Supersonic Aviation Program Could Cause ‘Climate Debacle,’ Environmentalists Warn
NPR veteran Edith Chapin tapped to lead newsroom
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Behavioral Scientists’ Appeal To Climate Researchers: Study The Bias
Biden Administration’s Global Plastics Plan Dubbed ‘Low Ambition’ and ‘Underwhelming’
OutDaughtered’s Danielle and Adam Busby Detail Her Alarming Battle With Autoimmune Disease