So what was the deal he signed last year ? Thought it was 6-year, $38.2 million contract at Penn State thru 2026?
The buyout is a negotiated part of the deal separate from the total value of the contract. A large buyout would help the university and potentially hurt the coach.
For a crazy example of buyouts look at Fisher and A&M. A&M was so desperate for an elite coach they signed him to a $75 million fully guaranteed deal...with no buyout. That means if Fisher wants to leave for a school like UT or take a shot at the NFL, no one owes A&M a dime. However if they fire Fisher today they will owe him around $50 million.