Houston Nutt Receives $4.35M From Ole Miss

Mississippi has agreed to pay former coach Houston Nutt a lump sum of $4.35 million to complete his contract buyout. Nutt was fired after the 2011 season with about $6 million remaining on his contract. Ole Miss athletic director Ross Bjork said on Saturday in a statement that the school's agreement with Nutt happened last month, and the one-time payment would save the athletic department about $550,000. He said the money came from the school's private athletic foundation.