OXFORD, Miss. (AP) - Mississippi has agreed to pay former coach Houston Nutt a lump sum of $4.35 million to complete his contract buyout.
Nutt was fired after the 2011 season with about $6 million remaining on his contract. Ole Miss athletic director Ross Bjork said on Saturday in a statement that the school's agreement with Nutt happened last month, and the one-time payment would save the athletic department about $550,000.
Bjork said the agreement was a ``win-win for everyone and both of us can now move ahead.'' He said the money came from the school's private athletic foundation.
Nutt coached for four seasons at Ole Miss, leading the program to back-to-back Cotton Bowls wins in 2008 and 2009 before slumping to a 2-10 record in his final season.

NCAAF Headlines

More inNCAAF News  

NCAAF Top Stories

Thumbnail Michigan State vs. Maryland Pick Will the struggles continue for Michigan State when they hit the road to face Maryland on Saturday at...
Thumbnail Houston vs. SMU Pick Is the over a good bet to cash on Saturday night when SMU hosts Houston at 7:00PM ET?
Thumbnail EMU vs. WMU Pick Should No. 20 Western Michigan have any trouble slowing down rival Eastern Michigan when they meet up on Saturday at 3:30PM...
Thumbnail Oregon State vs. Washington Pick Despite Washington’s scoring ability, will the Huskies’ game on Saturday evening versus Oregon State fall under the total?
Thumbnail Troy vs. South Alabama Prediction Will the Troy Trojans find themselves being challenged by South Alabama when they meet up tonight at...
More inNCAAF Articles  

NCAAF Team Pages