Current:Home > FinanceDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -BeyondProfit Compass
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-14 05:54:04
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! (624)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case
- Parts of central US hit by severe storms, while tornadoes strike in Kansas and Iowa
- Boston Marathon winners hope victories will earn them spot in Paris Olympics
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Duchess Meghan teases first product from American Riviera Orchard lifestyle brand
- Meghan Markle’s First Product From Lifestyle Brand American Riviera Orchard Revealed
- The 3,100-mile Olympic torch relay is underway. Here's what to know about the symbolic tradition.
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Is it bad to ghost low priority potential employers? Ask HR
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 19-year-old found dead after first date; suspect due in court: What to know about Sade Robinson case
- Mark Cuban shares his 9-figure tax bill on IRS due day
- Atlantic City mayor and his wife charged with abusing, assaulting teenage daughter
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Chrissy Teigen Claps Back After Critic Says She Only Has Kids to Stay Relevant
- Buffalo Sabres fire coach Don Granato after team's playoff drought hits 13 seasons
- 'All these genres living in me': Origin stories of the women on Beyoncé's 'Blackbiird'
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Travis Kelce's New TV Game Show Hosting Gig Is His Wildest Dream
Black market marijuana tied to Chinese criminal networks infiltrates Maine
International Debt Is Strangling Developing Nations Vulnerable to Climate Change, a New Report Shows
The company planning a successor to Concorde makes its first supersonic test
Mayor of North Carolina’s capital city won’t seek reelection this fall
Tuition and fees will rise at Georgia public universities in fall 2024
Internet customers in western North Carolina to benefit from provider’s $20M settlement