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WOW - College Football Buyouts = $70M

bdan2002

By bdan2002
in Mean Green Football

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bdan2002

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What an interesting article - https://www.usatoday.com/story/sports/ncaaf/2017/11/26/fired-college-football-coaches-owed-more-than-60-million-buyouts/896451001/

This is crazy

This weekend brought the ousters of Arkansas’ Bret Bielema, Nebraska’s Mike Riley, Arizona State’s Todd Graham and Texas A&M’s Kevin Sumlin. That quartet alone is owed a combined $35.2 million.

The $5.9 million owed to Bielema and the $6.6 million to Riley are subject to offset from future income.

But Graham’s and Sumlin’s contracts do not address an obligation to mitigate the amounts they are owed by finding jobs with offsetting payments. So, Graham is set to collect $12.3 million in varying amounts through June 30, 2021, and Sumlin $10.4 million within 60 days.

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