The specific answer to what many have been asking:
CNMs current contract expires in June of 2025. His buyout is currently 50% of base salary owed. That rate does not lower before the end of the contract. Base salary is still $575k.
The full story:
CNM signed a 5-year contract in 2018, so it expired in 2023. Terms of the buyout were full base salary owed if terminated in first three years, then half base salary owed if terminated in the final two years.
He signed what I want to call a mulligan extension in fall 2019. This extension essentially voided the first season and pushed all the terms of the contract forward a year. Everything is the same besides the range of his contract being 2019 to 2024.
This is important when wondering why he was not terminated in 2021. Even though they had just finished 5-18 and CNM was 24-62 in his three seasons in Murfreesboro, that mulligan extension pushed the buyout terms a year forward. Thus in Spring of 2021, CNM was still owed three years of full base salary and the 50% discount on the buyout would not kick in until summer of 2022.
Its worth considering how much was different back then: financial hardships from covid, athletic budgeting was still held hostage by CRS’s contract, they had no buyout revenue from nine schools leaving C-USA, etc… Also was hard to gauge how much of the 5-18 season resulted from the hindrances of covid. Not arguing that it was the right or wrong decision to retain him because I think the more important question is why he was given that 2019 mulligan extension in the first place.
Fast-forward to summer of 2022: CNM signs a one-year extension after a successful 26-11 season, thus pushing its termination date to June 2025. Buyout terms remained the same. No other contractual agreement has been documented since.
Good win Wednesday night, so maybe they can go on a major run and CNM can save himself. But the facts are this: Middle Tennessee has 8 total seasons in program history with 18 or more losses. Assuming this year will be number 9, CNM will account for 4 of those 9 seasons. And it must be said again: these results have all occurred DESPITE succeeding the greatest stretch in program history.
The buyout is affordable. The optics of retaining him after CM ranted a few months ago about how winning and championships matter would look very bad. I feel like the writing is on the wall, but a lot can change in two months, especially in this sport. We will see.