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Arkansas and Petrino come to agreement on new contract

Bobby Petrino AP

After being n the works since December, Arkansas and head coach Bobby Petrino have agreed to the terms of a new contract that will pay Petrino $3.56 million for the next seven years, the Arkansas News is reporting.

Petrino’s buyout for the first two years of the deal is $18 million and will remain above $10 million through the first five years. The buyout then drops to $7.375 million in the sixth year and $3.925 million in the seventh year.

Additionally, the contract mandates that Petrino is not allowed to leave Arkansas for any SEC school, but will pay Petrino $300,000 for winning a national championship and $100,000 for an SEC championship.

he agreement demonstrated a “mutual long-term commitment” between the two.

“Coach Petrino has stabilized and elevated the success of our program,” said UA athletic director Jeff Long. “The mirror image buyout provisions included in the terms of the agreement reflect both parties’ serious commitment to each other and to the long-term success of Razorback Football. That will help our ongoing fundraising efforts and send a clear message to prospective football student-athletes about the bright future of our program.”

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5 Responses to “Arkansas and Petrino come to agreement on new contract”
  1. fatfreddystubbs says: May 22, 2011 5:46 PM

    That loud, hysterical laughter you hear is coming from people in Louisville and Atlanta when they see the words “Bobby Petrino” and “long-term” and “commitment” in the same article.

  2. iamtalkingsolistenandlearn says: May 22, 2011 6:17 PM

    Even Bobby Petrino has more ethics than Jim “the truth” Tressel

  3. tryagainplease says: May 22, 2011 11:14 PM

    that calm, serene smile you see is coming from hog fans when they see the words ‘bobby petrino’, ‘long-term’ and ‘commitment’ in the same article.

  4. edgy says: May 23, 2011 10:42 AM

    Unless there’s some kind of goofy “dream professional job” escape clause, this keeps him around for a while because no team is going to pay that much to extricate him and the school certainly isn’t going to fire him until it becomes financially viable. It’s a big commitment from BOTH parties.

  5. grjtoo says: May 26, 2011 7:22 PM

    Petrino really is a pig, so it’s a good fit. It’s also good he found a school dumb enough to think anyone would want him. He’s a coward and a major league liar. Ask the assistant coaches he duped in to following him to Atlanta what kind of “man” this is.

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