Report: New LSU OC Matt Canada Receives Three-Year, $1.5 Million A Year Deal

The details of Matt Canada's contract have emerged.

According to The Advocate, new LSU offensive coordinator Matt Canada has agreed to a three-year deal worth $1.5 million a year. His base salary will be $500,000 and he will make $1 million more coming from media rights compensation and other sources, according to the report.

Here are some other details about his contract, including incentive bonuses and buyout info.

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Canada’s maximum incentive bonus is $150,000. That includes winning the SEC West ($15,000), the SEC championship ($10,000), participating in the College Football Playoffs ($50,000), advancing to the national title game ($25,000), winning the CFP championship ($25,000) and being named offensive coach of the year ($25,000).

Canada’s buyout is similar to that of several other LSU coaches.

If he leaves for a non-head coaching position at another SEC school or to a school within 500 miles of LSU, he owes 40 percent of his remaining salary. If he leaves for similar positions outside of a 500-mile radius of LSU, he owes 15 percent of his salary.

There is no buyout after Dec. 1, 2019.

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