This turned out as good as it could have for CSU. The next coach may not want to agree to a buyout quite so high but I imagine a sizable buyout will still be included. McElwain just got hired by Florida regardless of the huge buyout. It might have delayed the process but it didn't prevent anything and CSU got exactly what it wanted in the case of the coach leaving early. I fully expect the next coach to be paid a similar salary to when Sparkles first arrived ($1M+).
Wasn't that buyout part of an extended contract rather than the original that McElwain had?
I agree that it's likely to be something in the $1-1.5MM range with a shorter term and much lower buyout. If the reports are accurate, McElwain had to personally swallow $2MM of the buyout to get out of town for this opportunity. That's a tough pill.