Houston Nutt’s Buyout at Ole Miss
September 17, 2011 1:57 pm, CST

By: Flint Harris

It is no longer all smiles for Nutt in Oxford. AP Photo

As I watch Vanderbilt roll Houston Nutt and Ole Miss, it is time to think about Nutt’s buyout at Ole Miss. The back to back Cotton Bowl appearances seem like a lifetime ago. With back to back losses to Vanderbilt, it is safe to say Ole Miss is now the landlord of the cellar in the SEC. Nutt’s agent Jimmy Sexton is a master at getting the most money for his clients. Here is some information from Kyle Veazey:

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.

Click here for a link to Nutt’s contract. It appears his buyout is probably $4 million dollars.

We will soon find out how cheap Ole Miss really is. Will they keep a lame duck coach to save the money, or muster up a bunch of cash to pay Nutt to leave just like Arkansas did.

Article Updated: September 19th at 10am

As reported by Kyle Veazey and Robby Gray, Ole Miss fans have taken an ad out in five newspapers across Mississippi. Here is what the ad says:

“A cloud hangs over us. We’re told we’ll never compete in the SEC.

That we lack the talent. The fan support. And the funding.

We respectfully disagree.

We believe that Ole Miss can compete in the SEC. And win championships.

We believe that our coaches are not the problem. Or our athletes. Or our fans.

The Ole Miss Administration is the problem.

Our leadership has failed us. And our leadership must be held accountable.

Our coaches and athletes deserve it. Ole Miss supporters deserve it.

We’ve waited long enough. We’re tired of losing.

It’s time for a change.”

The group sponsoring the ad is called Forward Rebels.

5 Responses to “Houston Nutt’s Buyout at Ole Miss”

  1. wesm says:

    But it’s been 50 YEARS since back to back Jan. 1′s!!

  2. flintharris says:

    LOL…how long since back to back losses to Vandy?

  3. secfanatic says:

    It seems like a lifetime ago since Ole Miss fans were talking about how they stole Arkansas’ coach.

  4. Bob McKenzie says:

    Was doing some snooping today to see what was being said about Houston Nutt. I live in Arkansas and do like Ole Miss. When Nutt came to Arkansas on the coat-tails of a Danny Ford team that any mediocre coach could have had huge success with. After that team dwindled away, we looked much like Ole Miss does now and we had several years of darkness. He got lucky and stumbled onto a player on the team with some quarterback experience that could fun a 4.4, which was to Nutt’s liking and style. Our team was still limited but had some success although inconsistant. That also ran it’s course. It was time for Nutt to go but then came the Sprindale “Dream Team” along with new coordinator Gus Malzon. It was obvious that Nutt was still calling the plays and we witnessed many a heated exchange on the sidelines between Malzon and Nutt. The second year Mitch Mustain got his chance and started some 7 “I think” games and lead us to victories in each of them. However that was when Nutt got wind that Mustain had been quoted as calling him an idiot the previous season and he never started again. Which was when the losses started again. It was a huge soap opera and within two years Malzon and several key players had enough and transfered to other schools. Nutt, other than several nutty trick plays was very predictable. Run the ball up the middle or pass on third down to the sideline for five yards when you need 20 for a first, over and over again. You just can’t imagine how glad we were to see him go. I hope Ole Miss does the same so they can get back to some good football. Anybody will be an impovement. Good luck and best wishes.

  5. Yes, I too didn’t think Nutt would solve the problems at Ole Miss. Now it will cost those good folks a fortune to get rid of him ! You had the right idea with Oregeron, but he just wasn’t HC material. If you had brought in a good HC and him hire Oregeron to RECRUIT you would have been successful.

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