Copyright Essentially Sports
Brian Kelly is no longer with the LSU Tigers, but will be paid $53 million because of their contractual buyout. After On3 reports on his buyout, the all-in cost of firing him or his staff to make the next hire goes to the $100 million range. So, as per their contract, if LSU fires Brian Kelly, he has to look for another job, which comes under the duty to mitigate clause. In that case, LSU wouldn’t owe him the full buyout; they would only have to pay the difference between his new job and the remaining buyout. So, now that it’s not the case, LSU has to pay him 90% of his salary for 6 years, as they fired him. In 2021, when he came in from Notre Dame, LSU signed a 10-year deal for $95 million, including incentives, until December 2031. He would receive $740k a month if his buyout is not negotiated. That’s a really big amount to pay for the Tigers. But it looks like that’s not the concern anymore, as reporter Travers Mackel breaks the news on X that a private donor stepped in to pay the buyout. “UPDATE: Multiple sources confirm to @wdsu that 1 private donor is expected to pay the lion’s share of Brian Kelly’s buyout. Also, @LSU Board of Supervisors Chairman Scott Ballard says ZERO public money set aside for education, salaries, or scholarships will be used.” ADVERTISEMENT Article continues below this ad The identity is not known, but it will be a massive boost to the LSU Tigers’ financial condition. ADVERTISEMENT Article continues below this ad
