What Is Karl Dorrell’s Buyout if Fired By Colorado?

min read
Colorado head coach Karl Dorrell speaks during Pac-12 Conference men's NCAA college football media day Friday, July 29, 2022, in Los Angeles. (AP Photo/Damian Dovarganes)
(AP Photo/Damian Dovarganes)
Andrew Doughty @DoughtyBetMGM Sep 25, 2022, 10:54 AM
  • Karl Dorrell is in his third season as head coach.
  • He signed a five-year contract in February 2020.
  • The Buffaloes are winless in 2022.

After Mel Tucker left Colorado for Michigan State in February 2020, the Buffaloes reportedly targeted five candidates for their next head coach: Bret Bielema, Eric Bienemy, Karl Dorrell, Steve Sarkisian, and Troy Calhoun.

Two and a half years later, one of those coaches is leading an impressive, albeit early, rebuild at a downtrodden Power Five program. One is the best offensive coordinator in the NFL, one nearly led Texas to a shocking upset of Alabama, one led Air Force to a blowout win over the guy Colorado hired, and the guy Colorado hired is on the college football hot seat.

Things aren’t going well for Karl Dorrell. Colorado is winless in 2022 – most recently suffering a blowout home loss to UCLA – and showing no signs of long-term progress.

What is Karl Dorrell’s Contract?

Dorrell signed a five-year, $18-million contract upon arriving from the Miami Dolphins, where he spent the 2019 season as associate head coach and wide receivers coach.

His annual base salary is $500,000 but is due supplemental compensation for duties performed in fundraising and other areas each year (not including incentives):

  • 2020: $2.7 million
  • 2021: $2.9 million
  • 2022: $3 million
  • 2023: $3.1 million
  • 2024: $3.2 million

Dorrell took a pay cut in 2020 but hasn’t signed an extension or revised the terms of his contract since signing the contract on Feb. 29, 2020.

What is Karl Dorrell’s Buyout?

If fired without cause before Dec. 31, 2024, Karl Dorrell is owed a buyout.

If fired on or before Dec. 31, 2022, he’s owed $11.4 million minus compensation “earned in base salary, supplemental salary, and incentive salary prior to the effective date of termination.”

  • Dec. 31, 2022: $11.4 million
  • Dec. 31, 2023: $7.8 million
  • Dec. 31, 2024: $4 million

If Dorrell obtains similar employment elsewhere – e.g., assistant coach, head coach, TV analyst – after he’s fired, but before Dec. 31, 2024, his buyout amount can be reduced based on his new income.

Colorado should’ve negotiated a deal like Jeff Scott’s buyout at South Florida instead.

NCAAF Odds at BetMGM

Whether you’re looking for spreads, over/unders, live betting, or anything else, BetMGM has NCAAF odds for everyone.

You can visit the sportsbook each day of the season to view updated online betting opportunities that bring you closer to the action.

Jamie Foxx holding a mobile phone next to the BetMGM's risk-free bet offer.
About the Author

Andrew Doughty

Read More @DoughtyBetMGM

Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.

Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.