Current:Home > FinanceDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Pinnacle Profit Strategies
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-27 19:08:42
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! (951)
Related
- Travis Hunter, the 2
- GHCOIN Trading Center: Future Prospects and Global Expansion Plans
- Many schools are still closed weeks after Hurricane Helene. Teachers worry about long-term impact
- SpaceX accuses California board of bias against Musk in decisions over rocket launches
- 'Most Whopper
- Is there a 'healthiest' candy for Halloween? Tips for trick-or-treaters and parents.
- Is there a 'healthiest' candy for Halloween? Tips for trick-or-treaters and parents.
- What's terrifying enough to freak out a horror writer? 10 authors pick the scariest books
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Wreckage found, but still no sign of crew after Navy fighter jet crash in Washington state
- The Real Housewives of Potomac's Season 9 Taglines Are Here
- Mega Millions winning numbers for October 15 drawing: Did anyone win $169 million jackpot?
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Off the Grid: Sally breaks down USA TODAY's daily crossword, A Sight to Behold (Freestyle)
- The Billie Eilish x Converse Collab Is Here With Two Customizable Styles—and It’s Already Almost Sold Out
- Liam Payne's family mourns One Direction star's death at 31: 'Heartbroken'
Recommendation
Meta releases AI model to enhance Metaverse experience
Opinion: Tom Brady’s conflict of interest reflects superstar privilege in NFL
Another study points to correlation between helmet use on motorcycles and odds of survival
Sean Diddy Combs Accused of Raping Woman Over Suggestion He Was Involved in Tupac Shakur's Murder
Travis Hunter, the 2
Under $50 Perfumes That Actually Smell Really Good
Isan Elba Shares Dad Idris Elba's Best Advice for Hollywood
Alabama to execute Derrick Dearman for murder of 5 five family members. What to know