UA: John L. Smith Contract Negotiations 'Consistent' With Other Coaching Deals

by Chris Bahn  on Tuesday, Oct. 9, 2012 10:20 am  

Razorbacks Coach John L. Smith, during a halftime interview with CBS during the Hogs game against the Alabama Crimson Tide. (Photo by CBS Sports)

Smith's bankruptcy stems from real estate investments that foundered after the 2008 financial crisis. Smith, who joined a real estate investment partnership in 2006, now finds himself entangled in liabilities that have also caused at least one of his partners, bank executive James Mason of Kentucky, into a bankruptcy of his own.

Arkansas Athletic Director Jeff Long, who declined comment Monday, said in July he knew of Smith's financial troubles when he considered Smith to be head coach. Long said Smith was upfront about the possibility of bankruptcy, but it's unclear if the UA was aware of the breadth of Smith's liabilities.

"As Jeff has said before, he was aware that John L. had some financial difficulties and was working through those as he had done for a number of months and for a number of years before," Trainor said. "This was not a new thing for John L. Smith. This was a situation he'd been working on for a while."

The university considers Smith's bankruptcy a "personal, financial issue," Trainor said.

John L Smith Letter of AgreementJohn L Smith Personal Services and Guaranty AgreementJohn L Smith ContractJohn L. Smith Bankrupt Amended

 

 

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