According to figures released by the Warwick based League Managers Association, Premier League and Football League clubs spent £99 on getting rid of their managers last season.
The figures include the cost of compensation, legal fees and 'double contracts' which are when a sacked manager's contract is honoured until a certain point in time but his replacement also requires a salary.
The figures also say that more than 100 coaches also lost their jobs last season including Aidy Boothroyd at Coventry City and if the cost of sacking a manager, agents fees and replacing a backroom team were taken into account the costs would be far higher.
Speaking to the BBC Radio Five Live, former Coventry City manager Peter Reid who lost his job recently at Plymouth Argyle said: "Chairman and owners need to be more realistic about their expectations.
"Certainly in the Championship where they're all trying to get to the Holy Grail and that's the Premiership. There needs to be a bit of realism."