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ESPN.com
Nutt, second only to the legendary Frank Broyles in victories as Razorbacks coach, will announce his resignation at a news conference scheduled for 7:30 p.m. ET, a source involved in the talks said Monday.
Arkansas concluded an 8-4 season Friday with a 50-48, triple-overtime upset of then-No. 1 LSU, and chancellor John A. White responded by offering Nutt an annual salary of $2.4 million annually to remain coach.
However, Razorbacks supporters have been split in their opinion of Nutt since the controversy over the coach's recruiting and use of local stars Mitch Mustain and Damian Williams, the quarterback and wide receiver who transferred to USC after the 2006 season. Not only that, but an Arkansas fan acquired Nutt's cell-phone records through the Freedom of Information Act.
Though support for Nutt has surged since the Razorbacks' upset win Friday in Baton Rouge, Nutt believes the university community won't unite as long as he is the coach, the source told ESPN.com's Ivan Maisel.
Nutt's agent, Jimmy Sexton, and the university administration spent Monday afternoon negotiating how much Nutt will receive of the $3.4 million in annuities due to him in 2009.
Nutt will leave Arkansas with a 10-year record of 75-48 (.610) and three SEC West championships, including two trips to the conference championship game. He is expected to be a candidate for at least three jobs currently open: Baylor, SMU and Ole Miss.
Nutt, White and Broyles, the outgoing athletic director, will be on hand at tonight's news conference.
Nutt, who led the Razorbacks to two SEC championship game appearances, will receive a settlement in the neighborhood of $3.5 million.
Information from ESPN.com's Ivan Maisel and Chris Low and ESPN's Joe Schad was used in this report.
Nutt, second only to the legendary Frank Broyles in victories as Razorbacks coach, will announce his resignation at a news conference scheduled for 7:30 p.m. ET, a source involved in the talks said Monday.
Arkansas concluded an 8-4 season Friday with a 50-48, triple-overtime upset of then-No. 1 LSU, and chancellor John A. White responded by offering Nutt an annual salary of $2.4 million annually to remain coach.
However, Razorbacks supporters have been split in their opinion of Nutt since the controversy over the coach's recruiting and use of local stars Mitch Mustain and Damian Williams, the quarterback and wide receiver who transferred to USC after the 2006 season. Not only that, but an Arkansas fan acquired Nutt's cell-phone records through the Freedom of Information Act.
Though support for Nutt has surged since the Razorbacks' upset win Friday in Baton Rouge, Nutt believes the university community won't unite as long as he is the coach, the source told ESPN.com's Ivan Maisel.
Nutt's agent, Jimmy Sexton, and the university administration spent Monday afternoon negotiating how much Nutt will receive of the $3.4 million in annuities due to him in 2009.
Nutt will leave Arkansas with a 10-year record of 75-48 (.610) and three SEC West championships, including two trips to the conference championship game. He is expected to be a candidate for at least three jobs currently open: Baylor, SMU and Ole Miss.
Nutt, White and Broyles, the outgoing athletic director, will be on hand at tonight's news conference.
Nutt, who led the Razorbacks to two SEC championship game appearances, will receive a settlement in the neighborhood of $3.5 million.
Information from ESPN.com's Ivan Maisel and Chris Low and ESPN's Joe Schad was used in this report.