Current:Home > FinanceDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -WealthMap Solutions
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-17 23:37:19
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! (8)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- US Sen. Tim Kaine fights for a 3rd term in Virginia against GOP challenger Hung Cao
- Sara Foster Confirms Breakup From Tommy Haas, Shares Personal Update Amid Separation
- Zooey Deschanel Shares the 1 Gift She'd Give Her Elf Character
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- GOP senator from North Dakota faces Democratic challenger making her 2nd US Senate bid
- Abortion and open primaries are on the ballot in Nevada. What to know about the key 2024 measures
- A Quaker who helps migrants says US presidential election will make no difference at the border
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- A History of Presidential Pets Who Lived in the Lap of Luxury at the White House
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- People — and salmon — return to restored Klamath to celebrate removal of 4 dams
- A Guide to JD Vance's Family: The Vice Presidential Candidate's Wife, Kids, Mamaw and More
- The top US House races in Oregon garnering national attention
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Travis Kelce, Kim Kardashian, Justin Bieber and More Stars Who've Met the President Over the Years
- Rudy Giuliani ordered to appear in court after missing deadline to turn over assets
- Tim Walz’s Family Guide: Meet the Family of Kamala Harris’ Running Mate
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
How do I begin supervising former co-workers and friends? Ask HR
Republican incumbent Josh Hawley faces Democrat Lucas Kunce for US Senate seat in Missouri
North Carolina’s top lawyer and No. 2 executive are vying for governor
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Montana Rep. Zooey Zephyr must win reelection to return to the House floor after 2023 sanction
Democratic mayors in San Francisco and Oakland fight to keep their jobs on Election Day
The GOP expects to keep Kansas’ open House seat. Democratic Rep. Davids looks tough to beat