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Posted on 9/30/23 at 1:33 pm to RazorbackLaw501
At least we were fiscally responsible. That makes it all better.
Posted on 9/30/23 at 1:45 pm to RazorbackLaw501
quote:
Pittman has the rare performance-based buyout. If fired without cause, he’s owed 75% of his remaining contract. However, if Pittman’s record is below .500 when he’s fired, he’s only owed 50% of his remaining contract.
Pittman is currently 21-18 as Arkansas’ head coach. Per the terms of his incentive-heavy extension that was signed after the 2021 season, Pittman’s 7-win season in 2022 meant that he got an extra year added and a $250,000 bump to $5.25 million annually through the 2027 season. That means after the 2023 season, he has $21 million remaining on his deal. If his total record at Arkansas is below .500 at season’s end, his buyout is a very affordable $10.5 million. He would have to finish 4-8 or worse this season to fall below .500. If Pittman’s Arkansas record is at or above .500 at season’s end, his buyout would be $15.75 million.
In other words, 1 game could have a $5.25 million difference in Pittman’s buyout. That could absolutely impact Yurachek’s decision if that’s indeed one he has to make.
This was before LSU game so he's now 21-20.
This post was edited on 9/30/23 at 1:46 pm
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