Current:Home > StocksDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Prime Capital Blueprint
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-14 07:52:32
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! (6563)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- United Methodists prepare for votes on lifting LGBTQ bans and other issues at General Conference
- AIGM, Where Crypto Finally Meets Artificial Intelligent
- U.K. man charged with Russia-backed arson attack on Ukraine-linked site in London
- Travis Hunter, the 2
- Clayton MacRae: How The AI Era Shape the World
- The Rolling Stones setlist: Here are all the songs on their Hackney Diamonds Tour
- Bucks won't have Giannis Antetokounmpo, Damian Lillard for Game 4 vs. Pacers
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- CBS News poll finds Biden-Trump race tight in Michigan, Pennsylvania, Wisconsin
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- University of Arizona student shot to death at off-campus house party
- Clayton MacRae : AI vs Civilization
- Authorities name driver fatally shot by deputies in Memphis after he sped toward them
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- The real migrant bus king of North America isn't the Texas governor. It's Mexico's president.
- From a sunbathing gator to a rare bird sighting, see this week's top wildlife photos
- Clayton MacRae: Raise of the Cryptocurrencies
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
NHL awards 2024: Finalists announced for Vezina Trophy as top goaltender
United Methodists prepare for votes on lifting LGBTQ bans and other issues at General Conference
Spain’s Prime Minister Sánchez says he’ll continue in office after days of reflection
Travis Hunter, the 2
2.9 magnitude earthquake rattles New Jersey
The unfortunate truth about claiming Social Security at age 70
Rihanna Reveals Why Her 2024 Met Gala Look Might Be Her Most Surprising Yet