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LSU overpaid Brian Kelly by 1M+ due to double payments in 2022.

Posted on 1/25/23 at 11:30 am
Posted by Phillytiger9
Philadelphia/Baton Rouge
Member since Aug 2022
457 posts
Posted on 1/25/23 at 11:30 am
LINK

Pretty funny situation. A new payment schedule has been made to make up for the over pays.
Posted by geauxpurple
New Orleans
Member since Jul 2014
12277 posts
Posted on 1/25/23 at 11:33 am to
Let him have it.
Posted by adamb2151
Houston, Texas
Member since Jun 2013
6586 posts
Posted on 1/25/23 at 11:34 am to
It wouldnt have been his fault but could you imagine if this was Orgeron this happened to? ROSY FINCH BOYZ would have been massacred on here.
Posted by BallHawk
Orlando
Member since Jul 2011
5736 posts
Posted on 1/25/23 at 11:35 am to
So not fully aligned yet?
Posted by tigerbait121
Member since Sep 2013
1220 posts
Posted on 1/25/23 at 11:35 am to
I guess that's where that $1M donation back to the Athletic Department came from.
Posted by astonvilla
New Jersey
Member since Dec 2005
3122 posts
Posted on 1/25/23 at 11:35 am to
he sent a bill for the dance
Posted by CatfishJohn
Member since Jun 2020
13338 posts
Posted on 1/25/23 at 11:36 am to
quote:

It wouldnt have been his fault but could you imagine if this was Orgeron this happened to? ROSY FINCH BOYZ would have been massacred on here.



Don't think this was the coach's fault and they're at income levels where they don't notice all of their paychecks coming in (like I do). They go accounts managed by money managers.

Posted by ipodking
#StopTalkingAboutWomensSports
Member since Jun 2008
56280 posts
Posted on 1/25/23 at 11:36 am to
quote:

After suffering a $10 million deficit in 2021, the athletics department brought in $199.3 million in revenue last year while keeping expenses to $197.3 million. The school’s football program generated $95.1 million last year and made a net profit of $35.7 million—a nearly 19% increase from last year.


Nice
Posted by mpwilging
Punta Gorda Isles, Florida
Member since Jan 2011
6939 posts
Posted on 1/25/23 at 11:40 am to
Hell yea, now he's higher than the midget...
Posted by LNCHBOX
70448
Member since Jun 2009
84065 posts
Posted on 1/25/23 at 11:43 am to
quote:

. A new payment schedule has been made to make up for the over pays.




Could have just called it the beat Bama in year 1 bonus.
Posted by Geaux Piggins Geaux
Member since Aug 2015
707 posts
Posted on 1/25/23 at 11:46 am to
quote:

Let him have it.


Posted by doubleb
Baton Rouge
Member since Aug 2006
35939 posts
Posted on 1/25/23 at 11:58 am to
quote:

quote:After suffering a $10 million deficit in 2021, the athletics department brought in $199.3 million in revenue last year while keeping expenses to $197.3 million. The school’s football program generated $95.1 million last year and made a net profit of $35.7 million—a nearly 19% increase from last year. Nice


It’s misleading because the previous year was a Covid year and revenues were way down.

Btw, there had been a very big upturn in donations which accounts for most of the revenue increases from the pre Covid year.
TAF doing work.
This post was edited on 1/25/23 at 12:08 pm
Posted by nitwit
Member since Oct 2007
12223 posts
Posted on 1/25/23 at 12:04 pm to
Very common payroll error.
Seems like I always end up paying a few employees a million or so more than their salary...
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48931 posts
Posted on 1/25/23 at 12:17 pm to
quote:

Pretty funny situation.
prepare thyself for media spin and ultimate trashing on LSU and Kelly
Posted by 225Tyga
Member since Oct 2013
15779 posts
Posted on 1/25/23 at 12:20 pm to
Time value of money…BK gets another win!

LSU stupid lol
Posted by Ryan3232
Valet driver for TD staff
Member since Dec 2008
25789 posts
Posted on 1/25/23 at 12:23 pm to
Due to an underpayment accounting error from Ed O’s buyout.

Im going to assume someone has said this already
Edit: nope
This post was edited on 1/25/23 at 12:38 pm
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 1/25/23 at 12:25 pm to
quote:

Don't think this was the coach's fault and they're at income levels where they don't notice all of their paychecks coming in (like I do). They go accounts managed by money managers.



bs, it's gross buffoonery on the payor and the payee to not have caught that, if my company overpays anyone by a penny(and they're rarely wrong, it's caught immediately and "accounted" for with the quickness
Posted by LSU1215
Monroe
Member since Aug 2009
3729 posts
Posted on 1/25/23 at 12:39 pm to
But but other SEC schools said LSU was poor! Lol
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
18660 posts
Posted on 1/25/23 at 12:40 pm to
quote:

Very common payroll error.
Seems like I always end up paying a few employees a million or so more than their salary..


Where do I apply?
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30904 posts
Posted on 1/25/23 at 12:49 pm to
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