Current:Home > ScamsDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Horizon Finance Path
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-16 00:07:15
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! (79)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- California Regulators Approve Community Solar Decision Opposed by Solar Advocates
- Brother Marquis of Miami hip-hop group 2 Live Crew has died at 58
- Brandon McManus released by Commanders days after being accused of sexual assault
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- 'Gypsy Rose: Life After Lock Up': Premiere date, trailer, how to watch
- Hawaii's Kilauea volcano erupts in remote part of national park with low eruptive volume, officials say
- Musk’s X is allowing users to post consensual adult content, formalizing a prior Twitter policy
- Trump invites nearly all federal workers to quit now, get paid through September
- After guilty verdict, Trump will appear on the ballot in the last presidential primaries of 2024
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 3rd try at approving recreational marijuana in South Dakota makes the ballot
- Bebe Rexha allegedly has fans removed from concert after throwing objects at stage
- Feds seek person who left bag of $120,000 with promise of more at home of food fraud juror
- South Korean president's party divided over defiant martial law speech
- Ohio prosecutors seek to dismiss 1 of 2 murder counts filed against ex-deputy who killed Black man
- Rapper Sean Kingston booked into Florida jail, where he and mother are charged with $1M in fraud
- New Jersey Democrats and Republicans picking Senate, House candidates amid Menendez corruption trial
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
The Kansas Supreme Court has ruled that voting is not a fundamental right. What’s next for voters?
USPS workers are attacked by dogs every day. Here are the U.S. cities with the most bite attacks.
Brandon McManus released by Commanders days after being accused of sexual assault
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Adele reprimands audience member who apparently shouted anti-LGBTQ comment during Las Vegas concert
Sandy Hook families ask bankruptcy judge to liquidate Alex Jones' media company
Gen Z hit harder by inflation than other age groups. But relief may be coming.