Former Colorado State and University of Florida football coach Jim McElwain is unemployed and facing a great deal of debt.

McElwain, who was fired by Florida on Sunday, is still in the process of paying his portion of the $7 million buyout he and the Gators owe for the coach leaving CSU in December 2014, prior to his contract expiring. The record buyout, which was negotiated down from $7.5 million, was broken into three sums:

Florida would pay CSU $3 million,

Florida would pay CSU $2 million to play the Gators in Gainesville on Sept. 15, 2018,

and McElwain would pay CSU $2 million.

McElwain’s debt to CSU was broken into six annual payments of $333,333 to be made by June 30 every year through 2020. CSU confirmed Monday that McElwain is up to date on his payments ($999,999) — meaning he is still on the hook for $1,000,001.

If Florida were to decide it no longer wants to play the Rams on the account McElwain is no longer its coach, the contract for that game has a $2 million breach penalty; therefore, CSU would still receive what it’s owed from the $7 million buyout.

CSU athletic director Joe Parker said in the past that CSU was using the buyout money from the McElwain deal to help fund cost-of-living stipends for student-athletes.

Florida reportedly believed it could terminate McElwain with cause so that it wouldn’t be obligated to pay him his buyout of more than $13 million. The grounds for this were him not disclosing to the university death threats he received before bringing them up to the media last week. When Florida followed up with him about the alleged threats, he was unable to substantiate them. According to former ESPN college football reporter Brett McMurphy, if Florida pays the coach anything, it could be as little as $4 million. In addition, McMurphy reported, because McElwain’s agent, Jimmy Sexton, also represents clients who are candidates to replace McElwain at Florida, it’s unlikely Sexton would fight to get the full buyout.

Under McElwain’s direction, the Gators went 22-12 with a pair of SEC East titles, but Florida is 3-4 this season and had lost three consecutive games. McElwain went 22-16 in three seasons at CSU. In 2013, he led the Rams to their first bowl berth since 2008, knocking off Washington State in the New Mexico Bowl, and in 2014, led them to their first 10-win season since 2002.