Current:Home > MarketsDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -AssetLink
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-11 23:51:03
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! (73753)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- The fight over banning menthol cigarettes has a long history steeped in race
- Kentucky juvenile facilities have issues with force, staffing, report says
- Damian Lillard cheered in his return to Portland after offseason trade to the Bucks
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- 75-year-old man dies after sheriff’s deputy shocks him with Taser in rural Minnesota
- USC, UCLA, ACC highlight disappointments in men's college basketball this season
- Californians don’t have to pass a background check every time they buy bullets, federal judge rules
- Could your smelly farts help science?
- Reports: F1 great Lewis Hamilton linked with shock move from Mercedes to Ferrari in 2025
Ranking
- The Daily Money: Spending more on holiday travel?
- More than 200 staffers with Chicago Tribune and 6 other newsrooms begin 24-hour strike
- Margot Robbie reflects on impact of 'Barbie,' Oscars snubs: 'There's no way to feel sad'
- Traffic dispute in suburban Chicago erupts into gunfire, with 4 shot
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Federal judge dismisses case seeking to force US to pressure Israel to stop bombing Gaza
- Donations pour in to replace destroyed Jackie Robinson statue on his 105th birthday
- Elmo asks the internet 'How are you doing?' Turns out, they’re not doing great.
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Seahawks turn to Mike Macdonald, former Ravens defensive coordinator, as new head coach
Stock market today: Wall Street drops to worst loss in months with Big Tech, hope for March rate cut
Republican lawsuits challenge mail ballot deadlines. Could they upend voting across the country?
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Dead & Company join the queue for Las Vegas residency at The Sphere
When do new episodes of 'Feud: Capote vs. The Swans' come out? See full series schedule
These Secrets About Harry Styles Will Have You Late Night Talking