Published 11 months ago • loading... • Updated 11 months ago
LSU Fires Kelly in 4th Season of His 10-Year, $100M Deal
LSU is negotiating one of college football's largest buyouts after firing Brian Kelly amid unsatisfactory team performance in his fourth year of a $100 million contract.
Earlier this month, LSU fired Brian Kelly in his fourth season of a 10-year, $100 million contract and is negotiating a buyout that could cost the school $54 million.
After a 49-25 loss to Texas A&M, Scott Woodward, LSU athletic director, said Kelly's required success 'did not materialize' and contract attorney Roy Maughan Jr. called the dismissal 'inevitable.'
The contract lets LSU spread payments in monthly installments of $800,000 and includes offset and job-search clauses that could reduce LSU's obligation if Kelly is hired elsewhere, Maughan explained.
LSU must now search for a new head coach while negotiating buyout terms, as experts say Kelly's new job likely lowers payout and the next coach will want strong contract guarantees.
Kelly's buyout pushes season totals to $167.7 million, topping Penn State's James Franklin's $49 million and ranking second behind Jimbo Fisher's $76.8 million at Texas A&M.