Current:Home > NewsDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million -Wealth Empowerment Academy
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
View
Date:2025-04-17 13:17:59
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! (284)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Biden declares emergency over lead in water in US Virgin Islands
- Albuquerque police cadet and husband are dead in suspected domestic violence incident, police say
- Hailey Bieber Drops a Shimmering Version of the Viral Rhode Lip Tint Just in Time for the Holidays
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Timekeepers no more, rank-and-file Jehovah’s Witnesses say goodbye to tracking proselytizing hours
- Susan Sarandon dropped by talent agency following pro-Palestinian rally appearance, reports say
- Police say 2 dead and 5 wounded in Philadelphia shooting that may be drug-related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Twilight Director Reveals Kristen Stewart Crashed Robert Pattinson’s 37th Birthday Party
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Police: Kentucky bank shooter wrote in journal about ease of buying assault weapon before killings
- 'Please God, let them live': Colts' Ryan Kelly, wife and twin boys who fought to survive
- Albania’s prime minister calls for more NATO troops in neighboring Kosovo following ethnic violence
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency
- 'Hard Knocks' debuts: Can Dolphins adjust to cameras following every move during season?
- Tiger Woods and son Charlie to play in PNC Championship again
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Roll your eyes, but Black Friday's still got it. So here's what to look for
Michigan man charged after 2-year-old fatally shoots self with gun found in SUV
Roll your eyes, but Black Friday's still got it. So here's what to look for
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Mississippi drops charges in killing of former state lawmaker but says new charges are possible
Aaron Rodgers has 'personal guilt' about how things ended for Zach Wilson with the Jets
Jamie Lynn Spears cries recalling how 'people' didn't want her to have a baby at 16