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Buyout Money

All articles tagged with #buyout money

sports1 year ago

"Ohio State's Regret: Firing Chris Holtmann and the Search for a New Men's Basketball Coach"

Ohio State will have to pay Chris Holtmann $12.8 million in buyout money after firing him, a decision that was influenced by a regrettable contract extension given to Holtmann in 2022 by athletic director Gene Smith. The extension, which was meant to secure Holtmann through the 2027-28 season, now leaves Ohio State with a hefty financial obligation despite Holtmann's early termination. Smith expressed regret over the extension, citing the team's underwhelming performance and the need for a change in leadership.