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Details of the settlement are not known. Briles had close to $40 million and seven years left on his contract when he was ousted in May, the Austin American-Statesman reported.
Baylor has a slew of other problems to deal with, such as the Title IX lawsuits brought by multiple women stating the university was negligent in their sexual assault cases.
In one of those cases, Jasmin Hernandez named both Briles and Baylor as co-defendants after she claimed the former coach and the school swept her rape by former player Tevin Elliott under the rug.
