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Arkansas and Bert agree on settlement.
Posted on 4/23/21 at 3:38 pm
Posted on 4/23/21 at 3:38 pm
Per an email I just got from Foundation. See below.
JOINT STATEMENT ON BEHALF OF THE RAZORBACK FOUNDATION, INC. AND COACH BRET BIELEMA
April 23, 2021
Today, the Razorback Foundation and Coach Bret Bielema are pleased to announce they have resolved their differences. The parties agreed to a framework in which Coach Bielema will receive two years and six weeks' worth of payments under their 2017 Release and Waiver Agreement and the Razorback Foundation will be released from one year's worth of payments. Under these terms, the Razorback Foundation will make a final payment of $3,529,167 to Coach Bielema, and he will release the Razorback Foundation from $3,850,000 in payments. Both parties will be required to dismiss their lawsuits and be responsible for their own attorneys' fees. Upon completion of the settlement process, the Razorback Foundation will have paid Coach Bielema a total amount of $8,085,000 of the $11,935,000 set forth in the parties' original agreement and will have been released from $3,850,000 in payments.
JOINT STATEMENT ON BEHALF OF THE RAZORBACK FOUNDATION, INC. AND COACH BRET BIELEMA
April 23, 2021
Today, the Razorback Foundation and Coach Bret Bielema are pleased to announce they have resolved their differences. The parties agreed to a framework in which Coach Bielema will receive two years and six weeks' worth of payments under their 2017 Release and Waiver Agreement and the Razorback Foundation will be released from one year's worth of payments. Under these terms, the Razorback Foundation will make a final payment of $3,529,167 to Coach Bielema, and he will release the Razorback Foundation from $3,850,000 in payments. Both parties will be required to dismiss their lawsuits and be responsible for their own attorneys' fees. Upon completion of the settlement process, the Razorback Foundation will have paid Coach Bielema a total amount of $8,085,000 of the $11,935,000 set forth in the parties' original agreement and will have been released from $3,850,000 in payments.
This post was edited on 4/23/21 at 3:39 pm
2
Posted on 4/23/21 at 3:43 pm to Hawgeye
Not surprising
Some people thought he was getting everything plus attorney fees
Some people thought he was getting everything plus attorney fees
Posted on 4/23/21 at 6:01 pm to Hawgeye
Good for him
This post was edited on 4/23/21 at 7:12 pm
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