Scott Satterfield buyout: How much the ex-Louisville football coach owes the school

Cincinnati announced Monday it hired now former Louisville coach Scott Satterfield as its new head football coach.

Satterfield has two years remaining on his current contract, which puts his buyout at $3.5 million since it will be terminated before Dec. 31, 2022. According to his contract, the amount is to be paid in monthly installments, though Cincinnati could negotiate the amount.

Satterfield was announced Monday afternoon in Cincinnati. His new contract will pay him $3.4 million in the first year of the six-year deal, with raises of $100,000 after that. The Bearcats are expected to get buyout money back after Luke Fickell left for Wisconsin a week ago.

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Here's what you need to know about Satterfield's buyout and contract with Louisville:

How much was Scott Satterfield's salary at the University of Louisville?

Satterfield was hired by Louisville following the Cardinals' 2-10 season in 2018. His first year with the program ended with an 8-5 record and a contract extension for $1,625,000 per year through 2024 from then-athletics director Vince Tyra.

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How long was Scott Satterfield the head football coach for Louisville?

Satterfield leaves Louisville after four seasons, which included a 7-5 mark this year. The Cardinals' season started rough with the team going 2-3. They then turned things around and recorded a four-game winning streak, the first in Satterfield's time, and beat two top 25 teams in Wake Forest, ranked 10th at the time, and NC State, which was No. 24 when it played U of L.

The Governor's Cup eluded Satterfield, though, with Kentucky recording a fourth straight win over Louisville last month, 26-13.

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According to a statement for U of L athletics director Josh Heird, the university will begin its coaching search, though it wasn't immediately said who the interim head coach will be. A likely candidate is associate head coach Bryan Brown, who was hired at Louisville in 2018.

Reach Louisville football, women's basketball and baseball beat writer Alexis Cubit at acubit@gannett.com and follow her on Twitter at @Alexis_Cubit.

This article originally appeared on Louisville Courier Journal: Scott Satterfield: How much ex-Louisville football coach owes U of L