Bottom line: When Auburn decided to fire head coach Gus Malzahan on Dec. 13, 2020, they triggered one of the most expensive separations in college football history.
Malzahn was in the third year of a seven-year, $49 million contract, meaning Auburn still owed him a $21.45 million buyout. Half of that money, around $10.2 million, was due to Malzahn within 30 days of the firing.
The other half will be paid in annual installments of $2.68 million over the next four years, so Malzahn’s five-year, $11.5 million contract to be UCF’s new coach starting in 2021 is just icing on the cake.