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December 6, 2017

Washington Partner Ray Cotton on the Practice of Awarding Huge Buyouts to Major College Football Coaches

Los Angeles Times

Eight-figure payouts for college coaches fired without cause are becoming more routine. UCLA could owe Jim Mora more than $12 million after dismissing him in November. In recent weeks, Arizona State paid Todd Graham $12.1 million to leave, Arkansas gave Bret Bielema $11.8 million, and former Texas A&M coach Kevin Sumlin got $10.4 million. 

"Over time there has been compensation creep, which nowadays is almost compensation leaps," said Raymond D. Cotton, a Washington-based Nelson Mullins partner and executive compensation lawyer who has represented more than 350 higher education and nonprofit institutions. "These levels of income, in my opinion, are way beyond what's reasonable."
 



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