Maryland buys out Friedgen's contract

Maryland Fires Ralph Friedgen (4:32)

Scott Van Pelt stops by College Football Live to discuss the firing of Ralph Friedgen (4:32)

COLLEGE PARK, Md. -- Maryland will buy out the final year of coach Ralph Friedgen's contract for about $2 million, AD Kevin Anderson announced at Comcast Center on Monday. It will be effective Jan. 2, 2011. A nationwide search for Friedgen's successor will begin immediately. Friedgen will officially be under contract through the Military Bowl and will coach the Terps against East Carolina.