John L. Smith, Who Succeeded Bobby Petrino At Arkansas, Will Spend Next Year Coaching A Terrible DII School For About 8% Of His Old Salary

Arkansas's John L. Smith was one of the more colorful characters of this past college football season. The coach of an awful football team whose location he couldn't quite remember, Smith had very little money in the bank as of September, and negative $40 million as of October. Through it all, Smith was demanding that…

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Say This For Newly Former Arkansas Head Coach John L. Smith: He Screwed Only Himself, Never The Help

The University of Arkansas will not be renewing the contract of interim coach John L. Smith, the university announced today, confirming what everyone and his sister knew the minute then-No. 8 Arkansas lost in Little Rock to Louisiana-Monroe on Sept. 8. Smith's team cliff-dove out of the polls, then followed that…

Arkansas Coach John L. Smith Realizes He's Actually $40 Million In Debt, Not $25 Million

John L. Smith is even more broke than he initially thought. He first filed for bankruptcy on Sept. 6. In a subsequent filing, on Sept. 19, he reported $25.7 million in liabilities and $1.2 million in assets. You don't have to be a CPA to know that this is a bad cash flow position. But wait, it gets worse. Smith filed…