Arkansas Business

This story is from the archives of ArkansasSports360.com.

Arkansas and Coach Bobby Petrino agreed to terms of a new contract in December. Petrino’s full employment agreement — all 45 pages of it — was released on Thursday.

Many details included in the contract echo what we knew in December:

*Petrino will make an average of $3.56 million per season between now and 2017.

*Petrino gets $500,000 just for signing the contract. And he stands to make longevity bonuses for making it through the length of his contract.

*Buyouts are $18 million, $18 million, $17.95 million, $14.525 million, $10.825 million, $7.375 million and $3.925 million. And there’s also a no-compete clause where Petrino has agreed not to seek employment at any other SEC school.

A few deatils worth noting:

*Petrino will get $35,000 annually from Arkansas for the purchase of life/disability insurance. Should anything happen to Petrino to prevent him from working (serious injury, death) insurance would help cover the loss of salary.

*Incentive payments have increased in a few areas. Those are detailed below: