My guess (I have not seen the contract) is that the buyout number would go lower and lower as time went on during the contract. So, if the contract went 1 year the buyout was, say 1.5 mil. If two years, 1.25, if 3 1 mil, if 4, then 500k (all are just examples). UM maintains that year one of the contract had passed so they only had to pay the buyout amount after year 1. Randy is looking for the full buyout since, in essence, the first year since he signed had not completed even though he had coached one full season under the contract.
He is also looking for Sun Bowl money from a bowl he did not coach. Randy may be technically right but it is bad PR for him now that this has gone public. It makes him looks desperate and greedy even if he is right. It will **** off alot of UM people as well, not to mention former players who supported him during his hire and tenure.