Petrino fired

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If Louisville fires Petrino during the 2018 season or right after it, the school could owe him more than $14 million in buyout money. Petrino signed a seven-year extension in 2016. He’s under contract into the 2023 calendar year. The buyout provisions in Petrino’s contract — a copy of which SB Nation reviewed — are complex, but we can boil them down. If Louisville fires Petrino without cause — i.e., for losing too many games — it has to pay out his guaranteed money for the rest of that year and three years following it. (If Louisville were to fire him in the last three years of the deal, the school would only owe him whatever remained at that point. The structure of Petrino’s contract would make his buyout slightly bigger if he were fired in 2019, so Louisville might not have reason to wait.) His contract also includes a $500,000 annual payment when Louisville’s Academic Progress Rate score is above 935, and his team is above that mark, as is almost every Division I program. Petrino’s 2018 pay, including the APR bonus, comes out to $4.475 million.

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If Louisville fired him on Dec. 1, right after the season, it would owe: $4.025 million for 2019 $4.075 million for 2020 $4.125 million for 2021 That’s $12.225 million. But the school would still have to pay him whatever remains of his $3,975,000 base pay for 2018, going to the end of the calendar year. If Louisville fired him on Dec. 1, 2018, that’d leave him one more month of base pay for this year (about $331,000) on top of everything above. (His $500,000 APR payment is due in November, so he’d get that before being fired in this case.) His buyout would total about $12.6 million at that point, but because of the deal’s structure, that likely would not be all. The language also suggests Petrino would likely get three more years of the $500,000 APR bonuses, even if he weren’t coaching. Unless Louisville argued against that or somehow failed to keep up its APR, Petrino’s buyout would rise by another $1.5 million, going to about $14.1 million on Dec. 1, 2018.

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surprised the rant isn't asking him to be the OC.

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