Current:Home > NewsDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -MacroWatch
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-12 01:19:09
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! (58474)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Suspensions in schools are on the rise. But is that the best solution for misbehaving kids?
- USWNT looks to the future while honoring past champions with first games since World Cup
- U.S. clears way for release of $6 billion in frozen Iranian funds as part of prisoner swap deal
- Tom Holland's New Venture Revealed
- Doja Cat Frees the Nipple in Sexy Spiderweb Look at the 2023 MTV VMAs
- Fergie Reacts to Ex Josh Duhamel and Audra Mari's Pregnancy Announcement
- European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- DraftKings apologizes for 9/11-themed bet promotion
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Journalist sues NFL, alleging discrimination and racially charged statements by NFL owners
- Watch Messi play tonight with Argentina vs. Bolivia: Time, how to stream online
- We Are Never Ever Getting Over Taylor Swift's 2023 MTV VMAs Red Carpet Look
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- E. Jean Carroll's original lawsuit against Trump should be paused, his attorney says
- Wisconsin GOP to pursue nonpartisan redistricting to avoid having state justices toss maps
- U.S. sets record for billion-dollar weather and climate disasters in 2023
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
Meghan Markle’s Update About Archie and Lili Is Sweet as Sugar
Ta'Kiya Young's grandmother pushes for justice for pregnant mom shot by police
Sarah Burton, who designed Kate's royal wedding dress, to step down from Alexander McQueen
Meta releases AI model to enhance Metaverse experience
How Peyton Manning reacted after Aaron Rodgers' injury during ManningCast
Kentucky’s chief justice decides not to seek reelection in 2024
Holocaust survivor Eva Fahidi-Pusztai, who warned of far-right populism in Europe, dies at age 97