Tuesday October 3, 2023

Power 5 Schools Have Committed to $55M In Football Coaching Buyouts

  • Five Power 5 coaches have lost their jobs this season, but they received multimillion-dollar buyouts.
  • The payouts are another example of increasingly gargantuan coaching contracts.
Jeff Hanisch-USA TODAY Sports
Front Office Sports Today

NBC Could Get In On College Football Playoffs

NBC is exploring broadcasting a slice of the expanded CFP in 2026.
Listen Now
October 3, 2023 | Podcast
Copy Link
Link Copied
Link Copied

One of the easiest ways to get rich in 2022 is to get fired from a Power 5 football head coaching position.

Since this season began, five coaches have lost their jobs — each earning buyouts that, in aggregate, total $55 million. 

Wisconsin’s Paul Chryst was the latest to get the ax after the Badgers lost to Illinois. His contract stipulated a $19.5 million buyout — but the athletic department negotiated a lower fee of $11 million.

The rest of the buyouts include:

  • Scott Frost, Nebraska: $15M 
  • Geoff Collins, Georgia Tech: $11.37M 
  • Herm Edwards, Arizona State: $9.4M
  • Karl Dorrell, Colorado: $8.7M

Since the College Football Playoff began in 2015, buyouts have gone up three-fold, according to Knight Commission-Newhouse data. 

Some advocates believe athletic departments could better spend their revenues elsewhere. The Knight Commission suggests investing in athlete education, health and safety, gender equity, and development. Others say football players should get a chunk of the funds.

But so far, multiple attempts to reform the system have failed.

A lawsuit found that attempting to cap NCAA coaching salaries would be an antitrust violation. A congressional investigation into whether athletic departments are violating nonprofit status has so far not yielded any punishments. And a Knight Commission suggestion to implement a coaching “luxury tax” has also been met with crickets.

Whether or not it’s possible, Knight Commission CEO Amy Perko argued something needs to change. “The multimillion-dollar buyouts for football coaches is just another glaring symptom of a warped financial model that places a premium on spending for competitive advantage,” she said.

Copy Link
Link Copied
Link Copied

What to Read

An advocacy group is filing an NLRB case against the Ivy League over athlete compensation.

Advocacy Group Files Federal Labor Charge Against Ivy League

It’s the latest in a flurry of NLRB cases over amateurism.
The Colorado Buffaloes played in the most-watched game of Week 5.

Colorado Ratings Bonanza Continues Despite Two Consecutive Losses

The Buffs’ least-watched game this season was still the most-watched this week.
NBC is interested in media rights to the expanded College Football Playoff.

NBC Is Interested in Expanded College Football Playoff Media Rights

NBC is one of the networks pitching the CFP, a source confirmed.
College football is taking over Saturday night.

How College Football’s Biggest Games Took Over Saturday Night

Network competition and West Coast storylines helped college football stage a coup.
podcast thumbnail mobile
Front Office Sports Today

NBC Could Get In On College Football Playoffs


Featured Today

Football analyst and PFF investor Chris Collinsworth talks to man in front of computers

Cris Collinsworth 'Lost a Lot of Sleep' Over Pro Football Focus Leadership Issues

New book details why it’s no longer a “happy place to work.”
October 2, 2023

MLB Attendance Surges 70 Million, Tops League Projections

League posts best year-over-year increase at the gate since 1993
Levi's Stadium
October 2, 2023

49ers Study Shows Benefits of Public-Private Stadium Deals

Levi’s Stadium has generated more than $2 billion per new study.
Formula 1 drivers in a pack at the start of the Montreal Grand Prix
October 1, 2023

Apple Reportedly Making Push For Global Formula 1 Rights

The tech giant could offer $2 billion a year for the rights.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Colorado Football's $14M Ticket Revenue Surge Amid Revival

Revenue from single-game ticket sales has tripled from 2022.
September 29, 2023

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.
September 28, 2023

Big 12 Entries Boosting Tickets, Merch For New Members

BYU, Cincinnati, Houston, and UCF joined the Big 12 in July.
September 28, 2023

Prime Effect: Colorado Athletics Sponsorship Revenue Up 42%

The Coach Prime impact is hitting all areas of the athletic department.
Michigan State terminates Tucker's deal with cause amid sexual harassment allegations.
September 27, 2023

Michigan State's Firing of Mel Tucker Saves University $80M

MSU terminates deal with cause amid sexual harassment allegations.
September 27, 2023

AAC Commissioner Open To CFP Format Change, Just Not Yet

Mike Aresco is not ready to vote for CFP structure changes.
A general view of Reser Stadium before a game between Oregon State Beavers and UC Davis Aggies.
September 27, 2023

Oregon State Projects 44% Athletics Revenue Loss From Pac-12 Realignment

Oregon St. officials reveal the potentially dire effects of Pac-12 realignment.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.