Jerome Tang paid buyout

Kansas State · Men's basketball · $12 million

$12 million · K-State and former men’s basketball coach Jerome Tang settle the Feb. 15, 2026 firing for a $12,000,000 payment. Settlement, not the USA TODAY without-cause contractual buyout of $18,675,000 (as of Apr. 8, 2026). The Mercury describes that disputed figure as $18.7 million. Board approved the settlement Oct. 5. A 10-year bank loan finances it; no principal schedule is booked. Source: The Mercury (Oct. 5, 2026) — Tang settlement loan; K-State athletics announcement reprinted by Hays Post · October 5, 2026

A paid buyout is money owed to a coach the school already fired. It is not the buyout of the current coach. Kansas State coaches · Current Kansas State buyout