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Arkansas Has Stopped Paying Bret Bielema His Buyout & He Is Not Happy
by Larry Leo
October 25, 201951 Comments
© Nelson Chenault-USA TODAY Sports
Arkansas fired Bret Bielema back in November 2017, but by the terms of his contract the school still had to pay him $11.8 million. The Razorbacks did stick that agreement, paying him $320,833.33 every month until until Dec. 31, 2018, but nothing since. He and his lawyer are now fighting the school and most likely heading to court to fight the matter soon. Per footballscoop.com...
he was fired at Arkansas in November 2017 until Dec. 31, 2018, the Foundation paid him $320,833.33 every month, but nothing since.
He would have received 37 of those payments totaling $11,935,000.
quote:Bert!!!!!!!
Bielema would not receive that in a lump sum, though. The terms of his contract stated he would be paid $320,833 a month, every month, through the end of 2017 and all of 2018, 2019 and 2020 — on one condition. Bielema had to pursue gainful employment elsewhere.
Bielema joined the New England Patriots organization for the 2018 season as a consultant to head coach Bill Belichick. Arkansas continued paying Bielema’s buyout through 2018, but stopped once the calendar flipped to 2019.
The coach has since been promoted to the Patriots’ defensive line coach, but the school believes it is free from its contractual obligation to pay Bielema for the final two years of his contract, saving nearly $7.7 million in the process, according to the Arkansas Democrat-Gazette.
he was fired at Arkansas in November 2017 until Dec. 31, 2018, the Foundation paid him $320,833.33 every month, but nothing since.
He would have received 37 of those payments totaling $11,935,000.
Filed Under: Arkansas Sports
Related:
Originally published on SECRant.com
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