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.
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