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Arkansas' Smith restructured payment schedule

Updated: October 9, 2012, 12:55 AM ET
Associated Press

FAYETTEVILLE, Ark. -- Arkansas coach John L. Smith appears to have structured the bulk of his $850,000 salary to be paid after the likely end of his bankruptcy proceedings.

Smith, who was hired to a 10-month contract in April, filed for Chapter 7 bankruptcy in early September. An amended filing last week showed the former Michigan State and Louisville coach has $40.7 million in liabilities and $1.3 million in assets.

Smith's original letter of agreement in April called for him to ...

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