buyout numbers...

YEARS LEFT ON DEAL
Bielema, who earned $4.275 million last fiscal year in total compensation, is owed a substantial buyout for the remaining three years on his contract, which was extended to Dec. 31, 2020, in early 2015.
The Arkansas Democrat-Gazette reported the buyout as $5.9 million between today and Dec. 1, based on language in his original contract and an amendment added in early 2015 after the Razorbacks routed Texas 31-7 in the Texas Bowl.
However, Bielema also signed an agreement with the Razorback Foundation, Cromer Peoples said, which could change the amount owed to him.
Cromer Peoples and Steinmetz directed questions about the agreement to the Razorback Foundation. The foundation's executive director, Scott Varady, did not respond to a voice mail. A source close to the program said Friday that the agreement stipulates a buyout between $11 million to $12 million.
When asked previously about any "documents or drafts of documents that supplement Bret Bielema's contract," UA provided Bielema's offer letter, an offer letter for an amendment, a contract and a first amendment to the contract. It did not provide any copies of the personal services agreement, though the university kept a copy of one for Long.
Long can earn a maximum of $4.625 million from the termination, also paid for by the foundation, the university has said. That amount can decrease should Long find other employment.
Bielema's buyout was the subject of conversations among University of Arkansas System board of trustees members as early as Sept. 27, four days after the Razorbacks lost an overtime game to Texas A&M, emails obtained through the Arkansas Freedom of Information Act show.
On Sept. 27, Trustee Cliff Gibson of Monticello received an email from UA System President Donald Bobbitt with a listing of football coaches' contracts in the conference. The listing included the annual compensation of each coach, the "school buyout" and the "coach buyout."
On Oct. 9 -- two days after the Razorbacks lost 48-22 to South Carolina -- the UA System's general counsel, JoAnn Maxey, sent a copy of Bielema's contract to trustees "since several of you have made a request for the attached," documents show.
The next day, Trustee and former Razorback Tommy Boyer of Fayetteville pointed to Bielema's Dec. 4, 2012, contract in an email to his peers, Bobbitt and Steinmetz.
"If the contract were terminated effective November 1, 2017, the buy out will be approximately $8,242,238, not $15,400,000," he wrote. "On the other hand, if the contract were terminated effective January 1, 2018, the buy out will be approximately $6,261,982, not $11,700,000. This is quite a difference from what we have been discussing!"
Later that day, Boyer corrected the Jan. 1 buyout amount to $5,932,404.
On Oct. 13, Boyer wrote to Gibson about Bielema's buyout being $12.8 million in 2013, the coach's first year, when he had a conference record of 0-8 and in 2014, when his record was 2-6. The buyout remained the same in 2015, he said in the email.
"However, he signed a new contract and his buy out increased to $15.4M," Boyer wrote. "His two year record was 2-14 and his buy out was increased by $2.6M. In addition, his annual salary was increased from $2.95M to $3.25M, which represents an increase of $300,000.
"I don't understand the rationale for entering into a new contract and increasing his buy out and annual salary."


WHAT DOES IT ALL MEAN? Money, money yall!!!