Maryland Nailed With Expensive Mike Locksley Penalty

Examining the financial implications of recent college football coaching changes, with hefty buyouts shaking the budgets of Baylor, Maryland, and NC State.

The coaching carousel is already getting expensive, and three Power Four schools have now stepped into the financial blast radius.

Baylor became the latest to move on Sunday, firing Dave Aranda after seven seasons. The Bears join Maryland and North Carolina State in a late-October stretch that has finally kicked the carousel into gear, and each decision comes with a painful price tag attached.

At Baylor, the exact number is not public because the school is private. The buyout was believed to be about $12 million last season, and Yahoo Sports' Ross Dellenger reported that same figure for this year’s cost.

Aranda’s run ended after Baylor dropped back-to-back games to TCU and Kansas. His 4-1 start had helped quiet the noise around his job, but not for long.

Possible replacements include Boise State's Spencer Danielson and UTSA's Jeff Traylor.

Maryland was first to act, parting ways with Mike Locksley on Wednesday after a 2-5 start. His eight-year tenure ended with a 39-54 record, and the school owes him around $9.75 million with no offsets if he lands another job.

Half of that amount is due within 60 days. Locksley had been under contract through 2028, but the season’s early losses to Rutgers, Virginia Tech and UCLA pushed Maryland to make a change.

Names tied to the opening include Wake Forest's Jake Dickert, New Mexico's Jason Eck and Memphis' Charles Huff.

North Carolina State made the rare move of firing a coach on a Saturday afternoon, dismissing Dave Doeren after 14 seasons. The Wolfpack will pay approximately $10.3 million to cover the rest of a deal that ran through 2029.

More than $600,000 is due within the next 30 days, and the rest can be paid in monthly installments. Doeren’s contract includes a requirement that he make reasonable efforts to find another job, which could reduce what NC State ultimately owes.

There had been talk before the season that this might be Doeren’s final year in Raleigh, but that speculation had centered on retirement, not a firing.

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