Kind of fascinating how the numbers work out. He is owed $22.1 million by Arkansas. If he is fired with a record of at least .500, he is owed 75% of that amount. If he is fired with a record under .500, he is owed 50%. It's a different of $5 million.
Article excerpt:
"Got that? Let’s draw it out:
With .500 or better record: 75% of a $22.1 million buyout = $16,575,000
With a below-.500 record: 50% of a $22.1 = $11,050,000
Arkansas can fire Sam Pittman tomorrow and owe that first figure. But if they wait around and hope he loses the rest of the games this year, they’ll save roughly five million bucks. So don’t expect Pittman out tomorrow.
In fact, winning games could be to his disadvantage. If Arkansas decides this week they’re ready to move on from Pittman regardless of how the year ends, they just have to wait for him to win one more game, thus guaranteeing the .500 record since he’d have 19 wins to 16 losses with just three games left. If he does that, the buyout is locked in. If he keeps losing and ends with a 2-10 season, that lower buyout figure is back on the table.
Furthermore, if he loses his next three, Arkansas can fire him at the $11 million figure before he has a chance to win the last game and get it back to the $16 million number. There’s a lot of chess to be played with this one if the Hogs do decide to move on from Pittman."
The article goes on to note that the FIU game could be worth $5 million for PIttman.
Article excerpt:
"Got that? Let’s draw it out:
With .500 or better record: 75% of a $22.1 million buyout = $16,575,000
With a below-.500 record: 50% of a $22.1 = $11,050,000
Arkansas can fire Sam Pittman tomorrow and owe that first figure. But if they wait around and hope he loses the rest of the games this year, they’ll save roughly five million bucks. So don’t expect Pittman out tomorrow.
In fact, winning games could be to his disadvantage. If Arkansas decides this week they’re ready to move on from Pittman regardless of how the year ends, they just have to wait for him to win one more game, thus guaranteeing the .500 record since he’d have 19 wins to 16 losses with just three games left. If he does that, the buyout is locked in. If he keeps losing and ends with a 2-10 season, that lower buyout figure is back on the table.
Furthermore, if he loses his next three, Arkansas can fire him at the $11 million figure before he has a chance to win the last game and get it back to the $16 million number. There’s a lot of chess to be played with this one if the Hogs do decide to move on from Pittman."
The article goes on to note that the FIU game could be worth $5 million for PIttman.
