Why Colleges Pay Millions to Fired Coaches

College football is big business. While universities often talk about tradition, rivalries, and student spirit, the finances tell a story of massive contracts, enormous buyouts, and constant leadership churn. This week, Matt and Jadrian explore the economics behind college football coach buyouts and ask why schools pay millions to people who they consider bad at their job. We explore what these buyouts say about incentives, risk, and market competition in college sports.

In this episode, we discuss:

* Why coach buyouts are structured the way they are and what they signal.

* How risk, reputation...