Current:Home > FinanceDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Lighthouse Finance Hub
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-17 12:13:35
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! (2163)
Related
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- FACT FOCUS: A look at false claims around the assassination attempt on former President Trump
- Top Florida GOP fundraiser launches GoFundMe for Trump rally shooting victims
- Sports betting roundup: Pete Alonso has best odds to win MLB’s Home Run Derby on BetMGM Sportsbook
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Panel recommends removing ex-chancellor from Wisconsin college faculty post for making porn videos
- Shannen Doherty's Charmed Costar Brian Krause Shares Insight Into Her Final Days
- Rebuilding coastal communities after hurricanes is complex, and can change the character of a place
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Ahead of RNC in Wisconsin, state officials decry horrific act after Trump assassination attempt
Ranking
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- When does a presumptive nominee become a nominee? Here’s how Donald Trump will make it official
- Katy Perry Shares NSFW Confession on Orlando Bloom's Magic Stick
- Fresno State football coach Jeff Tedford steps down due to health concerns
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- Sports betting roundup: Pete Alonso has best odds to win MLB’s Home Run Derby on BetMGM Sportsbook
- 2024 Olympics: BTS' Jin Had a Dynamite Appearance in Torch Relay
- Samsung announces Galaxy Z Fold6 and Z Flip6. Is it time to get a foldable smartphone?
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Texas judge orders sheriff, school district to release Uvalde school shooting records
MLB power rankings: All-Star break arrives with new life for Red Sox, Mets and Astros
Second phase of NRA civil trial over nonprofit’s spending set to open in NYC
Meta releases AI model to enhance Metaverse experience
How to quit vaping: What experts want you to know
Watch live as assassination investigation unfolds after shooting at Trump rally Saturday
Nigeria school collapse kills at least 22 students as they take exams