Current:Home > StocksDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -NextWave Wealth Hub
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-19 10:21:20
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! (1671)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Prince William condemns antisemitism at London synagogue: 'We can't let that keep going'
- Scandinavian Airlines medevac plane lands in Malaysian island where Norwegian king is hospitalized
- Eva Longoria, director, producer, champion for Latino community, is Woman of the Year honoree
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- NFL 40 times tracker: Who has the fastest 40-yard dash at 2024 scouting combine?
- Congratulations, today is your day: A free book giveaway to honor Dr. Seuss’ birthday
- Here's Your Fabulous First Look at The Real Housewives of Dubai Season 2
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Here's how marriage and divorce will affect your Social Security benefits
Ranking
- All That You Wanted to Know About She’s All That
- Dawson's Creek Alum James Van Der Beek Sings With Daughter Olivia on TV
- Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity
- Cat Janice, singer with cancer who went viral for dedicating song to son, dies at age 31
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Avalanche kills American man in backcountry of Japanese mountains, police say
- FBI raids home owned by top aide to New York City Mayor Eric Adams
- Sally Rooney has a new novel, 'Intermezzo,' coming out in the fall
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
$5.5 billion in new Georgia spending will pay for employee bonuses, state Capitol overhaul
Alabama IVF ruling highlights importance of state supreme court races in this year’s US elections
Measles can be deadly and is highly contagious — here's what to know about this preventable disease
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Prince William condemns antisemitism at London synagogue: 'We can't let that keep going'
I Tried 63 Highlighters Looking for a Natural Glow— Here Are the 9 Best Glitter-Free Highlighters
Cat Janice, singer with cancer who went viral for dedicating song to son, dies at age 31