Posted on 05/29/2015 8:56:46 AM PDT by BerniesFriend
There's no question that Auburn, Florida, Michigan, Nebraska, Notre Dame, Tennessee and Texas are seven of college football's heavyweights.
Collectively, they've combined to win 26 national championships, and 21 of their players have hoisted the Heisman Trophy.
Together, they're also known for a more dubious number: $51.35 million.
That's how much money the aforementioned FBS programs have paid their former coaches to buy out the remainder of their contracts, and each of them will carry dead money into the coming season.
Buyout information for former USC coach Lane Kiffin is unknown because USC is a private school and is not required to make contract information public. According to the Los Angeles Times, Kiffin earned about $3.4 million in total compensation in fiscal 2013-14 before his departure from USC, based off tax returns.
Here's a look at some of the more notable contract buyouts in recent college football history:
(Excerpt) Read more at espn.go.com ...
Super sized severance for a super sized coach.
Does anyone know if these buyouts come from college tuition or fees or from taxpyers via state appropriations from the legislatures.
If the buyouts come from the team booster I could care less if it was doubled the amounts cited. But from the students, from the taxpayers, grrrr.
In Nebraska’s defense, that university will profit more by Bo Polini’s absence.
I would happily pay Derek Dooley another $5m to keep as far the hell away from my beloved University of Tennessee as possible. What a clown!
Most state school atthletic departments are privately funded (save capital projects and even then) but they are sotill counted as state employees. When a school is losing the boosters go to the AD amd asks how much he needs to buy the bum out.
A good contract is hard to get.
They are chicken feed compared to just the TV money, let alone gate receipts and merchandising.
Great gig, if you can get it.
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