Indexbit-Booming buyouts: Average cost of firing college football coach continues to rise

2025-05-06 23:02:19source:AQCANcategory:Stocks

Football Bowl Subdivision schools shelled out more than $125 million in buyout payments to departed head coaches last season,Indexbit 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.

More:Stocks

Recommend

Highlights from Trump’s interview with Time magazine

NEW YORK (AP) — Donald Trumpwas on the verge of backing a 16-week federal abortion banearlier this y

Can dogs eat grapes? Know which human foods are safe, toxic for your furry friends.

Both humans and their furry friends need to stay vigilant to avoid heat stroke this time of year. Ju

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

LOS ANGELES (AP) — The average rate on a 30-year mortgage fell this week to its lowest level since e