Wednesday, December 1, 2021

Brian Kelly's LSU Financial Package


Here are some of the highlights of Brian Kelly's deal that apparently makes him the "highest paid coach" in college football:

  • 10 year base salary worth $95 million
  • A "stay at LSU" bonus of $500,000 -- paid out every July 1st he is employed at LSU
  • A "bowl bonus" of $500,000 for every bowl game LSU plays in
  • A "SEC Championship game appearance" and he gets a bonus of $75,000
  • A "SEC Championship" win and he gets a $150,000 bonus
  • A "National Championship" win and he gets at $500,000 bonus
  • Win the first "SEC Championship" and his compensation increases $250,000 -- every year for the life of his contract
  • Win a "National Championship" and his compensation increases $500,000 -- every year for the life of his contract
  • Two car allowance of $1,000 a month
  • An interest free loan of $1.2 million to purchase a home
  • 50 hours of travel per year on private jets
  • If Kelly is fired "without cause" -- LSU still owes him 90% of the balance of the ten-year salary
  • If Kelly leaves while the current Athletic Director is employed:
    • He would pay a $4 million "buyout" if he left in the next year
    • He would pay a $3 million "buyout" if he left in year two of his contract
    • He would pay a $2 million "buyout" if he left in any year after two years into his contract
  • If the LSU Athletic Director leaves while Kelly is the Head Coach -- Kelly does not owe LSU a contract buyout fee if he leaves before his contract ends.