Image source: AP Photo/Phelan M. Ebenhack
South Carolina started this season with high hopes. The Gamecocks were ranked No. 13 and many fans thought the team could make a playoff run. But the year quickly fell apart. Now the team is 3–7 overall and just 1–7 in the SEC. Their latest loss was a painful one, blowing a 30–3 halftime lead and falling 31–30 to Texas A&M on the road.
With the season collapsing, many people are wondering what comes next for Head Coach Shane Beamer. Fans are frustrated, and the pressure on the program is growing. But firing Beamer is not as simple as it sounds, because his contract buyout is extremely expensive.
How Much Does South Carolina Owe Shane Beamer?
Shane Beamer signed a long contract extension only 10 months ago, after leading the Gamecocks to a strong 9–4 season. His deal runs through December 2030. He is set to make $8.15 million in 2025, and his pay will go up by $100,000 each year until it reaches $8.65 million in 2030.
The buyout is the real problem. If South Carolina fires him this year, the school must pay 65% of the remaining money on his contract. That adds up to about $40 million. This huge number explains why the school has not made a move yet.
If Beamer leaves on his own, the cost is much lower. He would owe the school $5 million if he leaves in the first year, and that number drops by $1 million each year. By 2030, he would owe almost nothing.
Other Schools Have Done It, but It’s Still a Lot
Big buyouts are becoming more common in college football. Penn State reportedly paid around $50 million to part ways with James Franklin. Florida paid Billy Napier $21.2 million when they fired him in October. But Shane Beamer’s possible $40 million payout is still one of the largest in the sport.
What the Buyout Means for South Carolina
Last year, Shane Beamer looked like the perfect leader for the program. He beat four ranked teams and won SEC Coach of the Year. But this season has been the opposite. The offense has struggled badly. The defense has been weak. Firing offensive coordinator Mike Shula after nine games did not fix anything.
A $40 million buyout would put a big financial strain on South Carolina’s athletic department. Last year, the department brought in $184 million. Football made $78.5 million of that, but after expenses, the program’s profit was around $30 million. A Beamer buyout would wipe out most of that profit and force the school to make cuts in other areas. It could also slow down recruiting and player development.
For now, the Gamecocks have one week off. They will host Coastal Carolina on November 23. Even if they win their final two games, the best record they can finish with is 5–7. No one knows if that will be enough to save Shane Beamer’s job.
South Carolina will soon have to decide what matters most: performance, money, or patience with their head coach.
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