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USC’s Lincoln Riley has one of CFB’s Top 10 richest coaching contract buyouts

Posted on May 28, 2024

By Brad Crawford, 247Sports: College football coaching contracts set record highs in recent years, leading to gargantuan-sized buyouts. Texas A&M owed Jimbo Fisher $76 million upon last season’s firing, which nuked the previous record and made the Aggies think twice about the negotiating process before landing Mike Elko.

For the most part, coaching contracts are fully guaranteed unless terminations happen for cause. And winning brings updated contracts and new deals, in an effort to retain successful coaches when other jobs come open.

The amount of dominoes that fell following Nick Saban’s retirement was considerable, and led to enhanced contracts for Mike Norvell, Dan Lanning and Steve Sarkisian, among others.

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