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I've heard from two different sources now that Nutt wasn't fired, or asked to resign, and in fact turned down a two-year extension.
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http://sports.espn.go.com/ncf/news/s...e=NCFHeadlines
"A source told ESPN.com's Ivan Maisel that Nutt turned down a two-year extension from Arkansas worth $2.4 million annually after the Razorbacks upset No. 1 ranked LSU last week."