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re: Brian Kelly's LSU contract: Six-figure bonuses, two cars, $1.2 million house loan

Posted on 12/1/21 at 11:19 am to
Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
17385 posts
Posted on 12/1/21 at 11:19 am to
quote:

So...a Gene Chizik clause?
More like a Rosy Finch Boyz clause.

So, hypothetically speaking, if Kelly's career follows Eaux's trajectory (NC in year 3 followed by collapse to mediocrity in years 4-5 and termination without cause), they would pay him (assuming $50,000 annual raise no matter what):

2022: $ 9,500.000 (base + bowl bonus)
2023: 10,050,000 (base + bowl bonus + longevity bonus)
2024: 10,850,000 (base + bowl bonus + longevity bonus + SECC bonus + NC bonus)
2025: 10,400,000 (base + longevity bonus + SECC bonus + NC bonus) *assuming no bowl
2026: 10,950,000 (base + bowl bonus + longevity bonus + SECC bonus + NC bonus)

Buyout at end of 2026 season: $ 47,000,000 plus prorated longevity bonus - no idea what that would be

So, if Kelly is as successful as Eaux, LSU is on the hook for at least $98,750,000. And that's if the 'permanent' bonuses for winning an SECC and NC in year 3 are not factored into the buyout (if they were, it would add another $3,750,000 to that figure).

Just damn.
This post was edited on 12/1/21 at 11:21 am
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