Current:Home > ScamsBooming buyouts: Average cost of firing college football coach continues to rise -TrueNorth Finance Path
Booming buyouts: Average cost of firing college football coach continues to rise
SignalHub Quantitative Think Tank Center View
Date:2025-04-10 10:55:57
Football Bowl Subdivision schools shelled out more than $125 million in buyout payments to departed head coaches last season, led by the $77 million that Texas A&M paid to fire Jimbo Fisher without cause.
And the potential buyouts in coaching contracts are getting more exorbitant every year, according to USA TODAY Sports' annual look at college football head coaches' compensation.
A whopping 29 public-school coaches in the FBS would be owed $20 million or more if they were fired without cause this year, as of Dec. 1 − more than triple the number of coaches who cleared that bar when USA TODAY Sports started tracking coaches' buyouts in 2017. Five of the 29 would be due what once seemed like an unfathomable payout of $60 million or more, including Kirby Smart, whose buyout at Georgia is $118.1 million.
veryGood! (17717)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- House GOP wants proof of citizenship to vote, boosting an election-year talking point
- Sen. Bob Menendez’s lawyer tells jury that prosecutors’ bribery case ‘dies here today’
- Horoscopes Today, July 9, 2024
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Spain vs. France Euro 2024 highlights: 16-year-old Lamine Yamal's goal lifts Spain to final
- Justice Sonia Sotomayor’s security detail shoots man during attempted carjacking, authorities say
- NATO aims to safeguard commitment to Ukraine amid concern about rising right-wing populism
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- UEFA Euro 2024 bracket: England vs. Spain in Sunday's final
Ranking
- Average rate on 30
- A look at heat records that have been broken around the world
- Copa America live updates: Uruguay vs. Colombia winner tonight faces Argentina in final
- Federal Reserve's Powell says more good data could open door to interest rate cuts
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Long-unpaid bills lead to some water service cutoffs in Mississippi’s capital city
- College can boost your income by 37%. Here are the top schools for the best financial outcomes.
- In swing-state Pennsylvania, a Latino-majority city embraces a chance to sway the 2024 election
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Arkansas couple charged with murder after toddler left in a hot vehicle dies, police say
Copa America live updates: Uruguay vs. Colombia winner tonight faces Argentina in final
Gen Z is experiencing 'tattoo regret.' Social media may be to blame.
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Election officials push back against draft federal rule for reporting potential cyberattacks
England vs. Netherlands: What to know, how to watch UEFA Euro 2024 semifinal
Buckingham Palace opens room to Queen Elizabeth's famous balcony photos. What's the catch?