Arkansas football coach gets $12M over 3 years in buyout

Fired head football coach Bret Bielema will receive up to nearly $12 million over three years in a buyout agreement.

Bielema, 48, was fired after going 4-8 this season. His overall record at Arkansas was 29-34 and he was 11-29 in SEC games. Overall, Bielema has a 97-58 record as head coach. He went 68-24 at Wisconsin (2006-12).

The Razorback Foundation, the nonprofit that raises money to support University of Arkansas athletics, announced Bielema could be paid up to $11.935 million in monthly payments from last Nov. 25, when he was fired through Dec. 31, 2020, subject to mitigation by his future earnings, both athletic and non-athletic.

Even if he lands another coaching job, the foundation will be liable for a minimum payment each year, currently $150,000. Bielema has said he's had some talks with potential employers, but is not currently employed. But he's made some TV appearances and compensation for that would appear to be among the offsets anticipated in the deal.

The Foundation had guaranteed Bielema's pay for four years, including salary and speaking fees. The $11.935 payment represents the value of what he'd have been paid for the 37 months and one week remaining on his employment agreement. I predicted such a settlement in writing about the firing earlier. ESPN had put the amount at $11.8 million immediately after is firing following a Razorback loss in the last game of the season, when the Hogs were 4-8. He'll get $320,833.33 per month before any reductions for earnings.

The Razorback Foundation said it was pleased to complete the agreement that "honors our organization's legal commitment to Coach Bielema while ensuring that the Razorback Foundation's right to offset is protected." Scott Varady, director of the Foundation said he was appreciative of the way Bielema and his representatives conducted the negotiations. He thanked Bielema and wished him well.

A prepared statement from Bielema likewise thank the Foundation and wished the Razorbacks well. "Having completed this agreement, I am pleased to move forward in my career and am excited about the future," Bielema said in the press release.

The Foundation released a copy of the agreement on payments and various waivers for public inspection. "Both parties worked in good faith to complete this agreement," Razorback Foundation executive director Scott Varady said in the press release.

Bielema is rwquired to report every six months on his efforts to find work. It requires an offset of payments for just about all types of income except passive investments and it guarantees an annual amount that would not be offset by income: $150,000 in 2017 and 2018, $125,000 in 2019 and $100,000 in 2020. The agreement calls for annual meetings to square accounts on what's owed.

The parties agree not to disparage each other. Each party is responsible for its own attorney fees.


January 31, 2018

1800AnyLens Contacts
Active Advantage
Aha- Discover Objects for Every Aspect of Your Life. Join our global community of conscious consumers today. Together, we’re making an investment in creativity.
Download IEC Standards
Auto Parts Warehouse
B2C Jewels
Auto Detailing Supplies Inc
Best Hotel Deals - Save up to 75% Off on Hotels
Classic Football Shirts
Day Trade Smart LLC
Stop Paying Full Price at the Dentist - Click to Save
Dollar Tree, Nike, Puma, Jordan, Release Shoes, Jordan New, Nike New, puma new, Puma clyde men, DTLR release, launch calendar, hot kicks,  new sneakers,
Electro Antiperspirant - MIN $100 PER ORDER
College Gear at
Fare Buzz
Fleet 728x90 banner
Frank & Oak
Free Country, Ltd.
Hampshire Labs
HP Commission
Grab a Last Minute Hotel Deals. Get up to $40 Off with Coupon Code HWIZ40*. Book Now
Joe's New Balance Outlet
Feed Your Skin - 15% off first purchase plus free shipping over $30 - 728x90
Kidrobot Toys, Art Figures & Collectibles + Free Shipping on USA orders $75+
TeamSportswear Affiliate Ad mini banner
MAGIX Software
Medical Supply Depot
Licensed sports merchandise from all your favorite NCAA, NFL, NHL & MLB teams! Gifts, game day apparel & more.
NOCO Genius On-Board Waterproof Battery Chargers
Symantec Corp.
Nudwear Lingerie
Oasap Limited
The Perfect Rug - 3 - 728x90
Oxygen Plus - Pure Recreational Oxygen
Pimsleur New Low Pricing MP3
Fresh Ruby Red Grapefruit, Orange, Pear and Apple Gifts
Pure Internet Freedom with PureVPN
Rear View Safety Back Up Sensors
Get your Kicks at
Get the latest kicks, apparel, & accessories at
Smarthome LIFX 'works with' - shop now!
Double VIP Points Every Wednesday
Timex is one of China¡¯s leading e-commerce export site, providing high quality products with best price. With 70,000 items across more than 100 categories, we have served 400,000 people in over 170 countries around the world.Enjoy online shopping
Get huge discount on Weekend Travel Deals! Book now and get extra $15 off with Coupon Code – TLWGA15.
V76 Shop Now USA, LLC