Tom Herman Buyout: How much will Florida Atlantic football have to pay after firing its HC?

The Florida Atlantic Owls and Tom Herman parted ways on Monday. The Owls are on a five-game losing streak and have decided to fire Herman with two games left in the 2024 regular season. This puts an end to a 22-game tenure that saw the Owls go 6-16.

Following the announcement, let's examine how much Florida Atlantic will pay the outgoing Herman.

How much will Florida Atlantic pay Tom Herman?

According to Sports Illustrated, the Florida Atlantic Owls owe Tom Herman a $4.1 million buyout, which is the total amount owed or the remainder of his contract.

The Owls hired Herman after he spent time as an offensive analyst with the Chicago Bears. Before then, he had occupied the head coach role at Texas and Houston. Herman also counts stints as the offensive coordinator of Texas State, Iowa State, Rice and Ohio State on his resume.

However, his years of experience at the collegiate and professional levels couldn't inspire the Owls to success during his tenure. He'll now enter the job market with two games left in the 2024 regular season.

How is Florida Atlantic performing in 2024?

The Florida Atlantic Owls (2-8, 0-6 American Athletic Conference) are having a season to forget in 2024.

The Owls are on a five-game losing streak, which ultimately cost Tom Herman his job. Their 18-15 overtime loss to the Temple Owls on Saturday was particularly disheartening.

With Herman's firing, the Owls will now be in the market for a new coach. In the meantime, the Owls have a Week 13 game against the Charlotte 49ers (3-7, 2-4) to prepare for.