Current:Home > StocksDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Mastery Money Tools
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-15 04:53:59
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! (138)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- This was the average Social Security benefit in 2004, and here's what it is now
- Could your smelly farts help science?
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Retirement planning: 3 crucial moves everyone should make before 2025
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Arkansas State Police probe death of woman found after officer
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- Why members of two of EPA's influential science advisory committees were let go
- The Super Bowl could end in a 'three
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Average rate on 30
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Trump invites nearly all federal workers to quit now, get paid through September
Military service academies see drop in reported sexual assaults after alarming surge
Trump issues order to ban transgender troops from serving openly in the military
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
This was the average Social Security benefit in 2004, and here's what it is now
Travis Hunter, the 2
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week