I'm not sure where this 11-12 million dollar buyout stuff is coming from. Here are the actual numbers:
Buyout
This is pretty straightforward: If IU fires Wilson without cause at any point during the life of the six-year deal, it will owe him $540,000 in base compensation for each year left on the contract. If for any reason Wilson were to be fired during the season, IU would also owe him whatever remained of that year's promotional income.
There is also a mitigation clause in the amendment, which essentially states that, should Wilson get another job in college or professional football, either as a coach or commentator, his earnings from that job would offset, dollar for dollar, what remaining base compensation IU owed him. If Wilson, for example, took a job as an offensive coordinator making more than $540,000 per year, then the university would not owe him anything further.
He would still receive the deferred compensation (60,000 per year)
http://www.indystar.com/story/sport...lsons-new-contract-indiana-football/80233994/