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MA
Big Ten🛡️ Moderate Stability (3/5)

Mike Locksley

Head Football Coach • Maryland (Terrapins)

Current Buyout Owed (Today)
$9,940,000
14 months remaining (426 days)
🚨 Officially Fired — Buyout ExercisedEffective Date: 2026-10-21
Interim Head Coach: Aazaar Abdul-Rahim

Maryland dismissed Locksley on October 21, 2026 following a 2-5 start (37-30 loss to Rutgers) and 12 consecutive Big Ten losses. Terrapins appointed associate head coach Aazaar Abdul-Rahim as interim head coach. Buyout settled at 65% of remaining compensation (.94M) with 50% due within 60 days.

Annual Salary
$6,100,000
Base + Supplemental Talent
Contract Expires
2027-12-31
Hired: 2018-12-04
Coach Leaves Buyout
$2,000,000
Owed if leaving for NFL / Rival
Daily Amortization
$14,196
Buyout drops each day
University Firing Coach (Without Cause)

School Owes Coach: $9,940,000

Contract buyout as tracked by official reporting: $9,940,000.

Payment Structure:Multi-Year Annuity
Duty to Mitigate (Offsets):No (Guaranteed regardless of new job)
Total Remaining Unearned Salary:$7,114,579
Coach Departs Voluntarily (Poaching Clause)

Coach / Hiring School Owes: $2,000,000

If Mike Locksley accepts a position as head coach with another collegiate program or an NFL franchise prior to 2027-12-31, he or his new employer is legally bound to pay this liquidated departure penalty.

Departure Fee:$2,000,000
School Retention Leverage:Standard College Buyout
Coaching Stance & Contractual Security

Job Stability vs. The Hot Seat

How Our Two-Axis Model Works
0/5 Votes

Pending Fan Consensus

Tension Rating: Stability (3/5) • Hot Seat (Pending)

Contract Job Stability is rated Moderate Stability. Awaiting 5 more community vote(s) to officially establish the Hot Seat alignment.

Contract Job Stability
Level 3 / 5
Moderate Stability
Standard Contract Terms • $9,940,000 Buyout Firewall

Standard Power Four buyout structure; financially painful but manageable with coordinated athletic department support.

Contract Safeguard: Contract buyout as tracked by official reporting: $9,940,000.
Mitigation Duty: None (fully guaranteed sum)
The Hot Seat (Community Consensus)
Consensus Building
Consensus Building0 / 5 Votes

Hot Seat score requires at least 5 votes to show, only 0 votes cast so far.

5 more votes needed to unlock public heat score. Cast your vote below!

National Championships: 0
Conference Titles: 0

Interactive Amortization Simulator for Mike Locksley

Interactive Financial Modeler

Simulate Termination Date & Buyout Cost

See how contract amortization, date milestones, and mitigation clauses reduce buyout liability over time.

MA
Mike LocksleyModerate Stability
Maryland • Big Ten • Contract thru 2027-12-31
Annual Salary
$6,100,000
Current Buyout (Today)
$9,940,000
Selected Date: 2026-10-31 (426 days remaining on contract)
Or pick any exact date:
Buyout Owed on 2026-10-31
$9,940,000
Official USA Today Verified Buyout
Savings by Delaying to This Date
$0
Natural amortization saves $14,196 / day
If Coach Leaves Voluntarily
$2,000,000
Amount coach / hiring team owes Maryland

Duty to Mitigate (New Job Offset Analysis)

No Mitigation Required (Full Guarantee)
Important: Mike Locksley's contract does not mandate an affirmative duty to mitigate. Even if he takes another job paying millions tomorrow, Maryland is legally obligated to continue paying the full buyout amount with zero offset!

Contract Calculation Formula:

USA Today FOIA benchmark: $9,940,000. Officially dismissed on 2026-10-21 by Maryland. Aazaar Abdul-Rahim named Interim Head Coach. Buyout verified at $9,940,000 across 3 independent authentic sources (CBS Sports, On3, Bleacher Report). 50% ($4,970,000) payable within 60 days, remainder in equal annual installments through 2028 with no mitigation/offset requirement.

💡 By waiting 6 months, natural salary amortization reduces buyout liability by ~$2.59M.

Key Contractual Stipulations
  • •Seven-win season triggers automatic one-year contract extension
  • •Significant salary increase included in 2022 extension
  • •Longevity bonuses tied to win thresholds

Officially dismissed on 2026-10-21 by Maryland. Aazaar Abdul-Rahim named Interim Head Coach. Buyout verified at $9,940,000 across 3 independent authentic sources (CBS Sports, On3, Bleacher Report). 50% ($4,970,000) payable within 60 days, remainder in equal annual installments through 2028 with no mitigation/offset requirement.

Source & Public Records Citations

Verified Public & News Reference Sources (3):

Maryland Football's win triggered a major clause in Mike Locksley's contract247Sports • 2022-11-27
View Source
Maryland football coach Mike Locksley gets new contract extension, significant raise247Sports • 2022-04-29
View Source
Contract Terms UpdateCBS Sports • 2026-10-23
View Source

FOIA Verified: As an arm of state government, Maryland releases employment agreements and board-approved amendments under public records legislation.