By Anthony Caruso III | Publisher
Former Arkansas Razorbacks head coach Bret Bielema has sued the school’s foundation for allegedly violating his buyout agreement. He reportedly signed the buyout in 2017.
Bielema — who is now employed by the New York Giants — is attempting to receive $7.025 million from the school. The damages, he alleged, are in compensatory damages plus punitive damages, pre- and post-judgment interest, attorney fees and court costs.
This lawsuit — which was filed on Friday — came after the school refused to pay him the full amount that the two sides negotiated on Jan. 30, 2018. The full amount was $11.935 million.
There is speculation on if Bielema reached his end of the obligations of the contract. The terms reportedly said that if he took another job in coaching, it would have reduced the money that was owed to the former football leader.
This is typical for many coaches, who normally are able to get jobs after being let go by a school. Normally coaches get back into the profession instead of taking time off.
Bielema did get another job right after his firing from Arkansas. He joined the New England Patriots as their ‘consultant to the head coach’ for the 2018 season.
He then was hired as the Patriots defensive line coach in 2019. With the Patriots, he received $100,000 in salary for the 2018 season, then $250,000 last season.
Now, as the Giants outside linebackers coach and senior defensive assistant, he will be paid $400,000.
Bielema, through the lawsuit, said that the foundation stopped the payments in December 2018. The lawsuit claims that “[it was] a calculated, bad faith effort to renege on its contractual obligations.’ The Foundation, according to the New York Post, will claim that the coach ‘failed to update the Foundation on details of his attempts to gain employment every six months, as agreed upon.’
“What I can share at this point before digesting the entire document is that the Foundation previously demanded that Bret Bielema return the $4,555,833.29 that had been paid to him prior to the Foundation’s discovery of his multiple material breaches of the agreement,” Marshall Ney, an attorney representing the Foundation, told The Post. “It appears that Bielema filed suit in order to avoid being sued.”
This off-season, Bielema was considered for college football jobs at Michigan State and at Colorado.
Copyright © 2007-2020. The Capital Sports Report. All Rights Reserved.
All information contained in this Digital Publication are copyright by The Capital Sports Report, and may not be duplicated, copied, modified or adapted, in any way without our written permission. Your use of our work does not constitute any right or license for you to use our trademarks, without the prior written permission of The Capital Sports Report. Our Content, as found within our Website, is protected under United States and foreign copyrights laws. The copying, redistribution, or use of our publication by you of any such Content, is strictly prohibited. Your use of our Website does not grant you any ownership rights to our Content.
The Capital Sports Report and its logo are official trademarks of Anthony Caruso III and Anthony Caruso Enterprises.