Current:Home > InvestDefeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million-DB Wealth Institute B2 Reviews & Ratings
Defeat of Florida increases buyout of Arkansas coach Sam Pittman by more than $5 million
lotradecoin payoutschedule View Date:2024-12-25 16:01:38
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! (1)
Related
- Usher concert postponed hours before tour opener in Atlanta
- The Best Host and Hostess Gifts of 2023 That'll Leave a Lasting Impression
- Feds seize 10 million doses of illegal drugs, including pills designed to look like heart-shaped candy, in Massachusetts
- 'Music was there for me when I needed it,' The Roots co-founder Tariq Trotter says
- Red Cross blood inventory plummets 25% in July, impacted by heat and record low donations
- What to do if you hit a deer: It maybe unavoidable this time of year. Here's what to know.
- Wisconsin Assembly to pass Republican bill banning race, diversity factors in financial aid for UW
- Man killed after pointing gun at Baltimore police, officials say
- Traveling? Here Are the Best Life-Saving Travel Accessories You Need To Pack, Starting at Just $7
- Why Bachelor Nation's Carly Waddell Says Classmate Lady Gaga Drove Her Crazy in College
Ranking
- Wildfires are growing under climate change, and their smoke threatens farmworkers, study says
- Over 30,000 ancient coins found underwater off Italy in exceptional condition — possibly from a 4th-century shipwreck
- NFL mock draft 2024: Caleb Williams still ahead of Drake Maye for No. 1
- Will Levis named Tennessee Titans starting QB, per Mike Vrabel
- 'Truffles is just like me:' How a Pennsylvania cat makes kids feel proud to wear glasses
- Do you have a $2 bill lying around? It could be worth nearly $5,000 depending on these factors
- General Motors’ autonomous vehicle unit recalls cars for software update after dragging a pedestrian
- Britain's loneliest sheep rescued by group of farmers after being stuck on foot of cliff for at least 2 years
Recommendation
-
Walmart boosts its outlook for 2024 with bargains proving a powerful lure for the inflation weary
-
Andy Cohen Reveals Which Kardashian-Jenner He Wants for Real Housewives
-
Where the Republican presidential candidates stand on climate change
-
Cyprus official says Israel-Hamas war may give an impetus to regional energy projects
-
Conservative are pushing a ‘parental rights’ agenda in Florida school board races. But will it work?
-
North Carolina State Auditor Beth Wood faces misdemeanor charge over misuse of state vehicle
-
California unveils Native American monument at Capitol, replacing missionary statue toppled in 2020
-
US Park Police officer fatally shoots fellow officer in attempted dry fire, police say
Tags
-
lotradecoin historical trading data access
lotradecoin account
lotradecoin crypto trading academy
lotradecoin referral program benefits
lotradecoin integration with payment systems
lotradecoin transaction processing speed
lotradecoin trading fee structure
lotradecoin community forum discussions
lotradecoin compliance