• Loading stock data...
Sunday, February 25, 2024
Rates for the 2024 Best Venue Awards increase this Sunday at 11:59 p.m. ET

Schools Owe Fired CFB Coaches A Record $118M In Buyouts (So Far)

  • Fired college football coaches continue to earn record buyouts from top schools.
  • The 2023 season will likely be the most expensive ever, surpassing 2021's total.
Robert Goddin-USA TODAY Sports

College football’s regular season is over, and the tab for fired head coaches keeps growing at a record pace.

After Indiana finished with a record of 3-9, the Hoosiers fired head coach Tom Allen, who agreed to a $15.5 million settlement. Houston ended the season with a 4-8 record and is firing coach Dana Holgorsen, who will receive nearly $14.8 million in buyout money.

Those two figures, which are worth a combined $30.3 million, take this season’s total amount of buyout money owed to coaches to more than $118 million — well past what was believed to be the single-season record of $94 million in 2021, according to Yahoo Sports.

Of course, the main driver of this season’s insane buyout figures is the $76 million Texas A&M will be paying to Jimbo Fisher, who was fired just two years after signing a 10-year, $95 million contract extension. 

More To Come?

Here’s how all the buyouts shake out for coaches who have been fired so far:

  • Texas A&M’s Jimbo Fisher: $76 million
  • Indiana’s Tom Allen: $15.5 million
  • Houston’s Dana Holgorsen: $14.8 million
  • Mississippi State’s Zach Arnett: $4.5 million
  • Syracuse’s Dino Babers: $4 million (estimate; private school)
  • Boise State’s Andy Avalos: $3 million
  • New Mexico’s Danny Gonzales: $400,000

The list could grow even further as the fates of other coaches on the hot seat are determined. 

Meanwhile, Michigan State would have owed fired head coach Mel Tucker $80 million in buyout money, but the school is so far off the hook for that sum because he was let go over allegations of sexual harassment.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.
Sep 24, 2023; Oakland, California, USA; A general view of the Oakland Athletics dugout after the game against the Detroit Tigers at Oakland-Alameda County Coliseum.

Murky Future: Everything You Need to Know About the A’s Move to Las Vegas

Breaking down one of the most drawn-out, multifaceted sagas in sports.
Michigan defensive lineman Kenneth Grant celebrates a sack on Washington quarterback Michael Penix Jr. in the second quarter during the College Football Playoff national championship game against Washington at NRG Stadium in Houston, Texas on Monday, Jan. 8, 2024.

Pay-for-Play Is Here: Federal Judge Says NCAA Cannot Enforce Any NIL Rules

The ruling effectively allows pay-for-play to go forward uninhibited.
Caitlin Clark

Big Ten Women’s Tournament Sells Out for First Time

‘Clarkonomics’ has made it to the postseason.
podcast thumbnail mobile
Front Office Sports Today

How the Negro Leagues Are Staying in the Game

0:00
0:00

Featured Today

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.
February 17, 2024

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.
February 16, 2024

Wilson Introduced an Airless Basketball for $2,500. We Had Questions

The black, 3D-printed ball appeared in last year’s Slam Dunk Contest.
Emily Henegar, a baker and content creator, made a batch of NFL-inspired cookies featuring Taylor Swift and Travis Kelce.
February 11, 2024

The ‘Life-Changing’ Economy of Taylor Swift’s NFL Outfits

Appearing in Swift’s game-day wardrobe has been “life-changing” for small businesses.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
FanDuel
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Adidas
Portland, OR

Making Sense of What More CFP Expansion Would Mean

Leaders of the CFP discussed the potential for a 14- and even 16-team Playoff.
February 22, 2024

‘Treated Like Children’: College Football Players Offered $600 to Be in Video Game, No Royalties

Players may be receiving lower than the industry standard with the video game’s return.
Nick Saban
February 22, 2024

Coaches Aren’t Happy With College Football—Some Are Getting Out While They Can

NIL and the transfer portal have many college football coaches getting new jobs.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
EA Sports
February 22, 2024

EA Sports Offers Players $600 To Be In New College Football Game

The deal comes with a free copy of the game but without royalties.
Angel Reese
February 21, 2024

Angel Reese Denied ‘Bayou Barbie’ Trademark

No need to ‘unnecessarily instigate Mattel,’ lawyer says.
colorado
February 20, 2024

New Salary Records for Colorado Football Assistant Coaches

The 10 assistants will make a combined $4.65 million this year, a school record.
College Football Playoff
February 20, 2024

After Pac-12 Collapse, College Football Playoff Modifies Its 12-Team Qualifications

The CFP will allow five top-ranked conference champions and seven at-large bids.