Fourth and funded: The business of buyouts
In the high-stakes circus of big-time college sports, some schools shell out cash to win. Others fork it over for silence. And a select few spend millions to not let the door hinder one’s departure
Through week ten of the college football season, the ledger on what universities owe their former coaches in buyouts was nearly $185 million.
It all commenced in week three when Virginia Tech decided to fire head coach Brent Pry who was owed a buyout of $6 million. Not to be outdone, UCLA followed suit, dismissing DeShaun Foster and incurring a $6.43 million tab. By week four, Oklahoma State joined the fray, cutting ties with Mike Gundy at a cost of $15 million. Week five brought Arkansas into the spotlight, as Sam Pittman’s exit added another $8.7 million to the coaching carousel’s ledger.
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