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Nutt is out.

  • Nutts buyout is $10 MM, not sure where the $3 and $6 MM are coming from. Still cant believe he got that in his contract.

    This post was edited by jfetch on 9/19/2011 at 8:26 PM

    jfetch

  • I heard it was 17 million

    d45o4

  • Most overrated coach in SEC history.

    deaux68

  • The Harvard Crimson and Yale Blue can afford whatever the buyout is if they want to get rid of him bad enough.

    scottchap

  • jfetch said...

    Nutts buyout is $10 MM, not sure where the $3 and $6 MM are coming from. Still cant believe he got that in his contract.

    Nutt has a $6M buyout. I saw it myself in an article in the Jackson, MS Clarion Ledger about his contract (see below), and this is the figure my Ole Miss buddies are saying, too. I don't know where you are getting the $10M figure, but you are incorrect.
    ------------

    "If UM wants to dismiss him, Nutt’s buyout is $6 million if the contract has three or more years remaining, $5 million if between two and three years and $4 million if between one and two. If it’s Nutt’s decision to leave, the contract calls for a stairstep buyout: $900,000 until Dec. 31, 2011; $700,000 from Jan. 1, 2012 to Dec. 31, 2012; $500,000 from Jan. 1, 2013 to Dec. 31, 2013; $300,000 from Jan. 1, 2014 to Dec. 31, 2014; and $200,000 from Jan. 1, 2015 to Dec. 31, 2015. "

    CollegeSportFan