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Started By
Message
Terms of Kelly contract released
Posted on 11/30/21 at 8:04 pm
Posted on 11/30/21 at 8:04 pm
quote:
Brian Kelly contract details, per his contract obtained by
@SINow
:
2022: $9M
2023: $9.2M
2024: $9.2M
2025: $9.4M
2026: $9.4M
2027: $9.6M
2028: $9.6M
2029: $9.8M
2030: $9.8M
2031: $10M
He gets a $500,000 “longevity bonus” each July of the contract year
.
quote:
#LSU owes him 90% of his remaining salary if its fires without cause. If he wins a national championship*, LSU owes him 100% of remaining salary if it fires him.
quote:
Brian Kelly's buyout if he were to leave #LSU. Basically, $2 million after the second year.
This post was edited on 11/30/21 at 8:05 pm
10
Posted on 11/30/21 at 8:07 pm to Lsuhoohoo
Dellenger pointed out that 500k bonus for being bowl eligible might be a typo 
I think it should be 50k
I think it should be 50kThis post was edited on 11/30/21 at 8:08 pm
Posted on 11/30/21 at 8:08 pm to Lsuhoohoo
quote:
#LSU owes him 90% of his remaining salary if its fires for cause
Holy shite
Posted on 11/30/21 at 8:08 pm to Lsuhoohoo
quote:
Brian Kelly's buyout if he were to leave #LSU. Basically, $2 million after the second year.
But $0 if Woodward isn't AD at the time. Is that standard?
Posted on 11/30/21 at 8:08 pm to Lsuhoohoo
quote:
#LSU owes him 90% of his remaining salary if its fires without cause. If he wins a national championship*, LSU owes him 100% of remaining salary if it fires him.
Ouch. Woody laid it all on the line
90 or 100 million Posted on 11/30/21 at 8:09 pm to Lsuhoohoo
quote:
Brian Kelly's buyout if he were to leave #LSU. Basically, $2 million after the second year.
Which SW will inflate to Orgeron buyout level if and when his deal is restructured following any championship win
Posted on 11/30/21 at 8:10 pm to Lsuhoohoo
This post was edited on 11/30/21 at 8:12 pm
Posted on 11/30/21 at 8:12 pm to Day Wisher
Looks like Woodward wanted to tie his job to the contract. Get rid of me and BK can leave with no buyout. Smart move.
Posted on 11/30/21 at 8:12 pm to MrWalkingMan
Whats the name of his LLC doe?
Posted on 11/30/21 at 8:14 pm to Cosmo
quote:
Whats the name of his LLC doe?
Rosy Face Boyz, LLC
Posted on 11/30/21 at 8:15 pm to Day Wisher
quote:
But $0 if Woodward isn't AD at the time. Is that standard?
You can have him "disappeared" for way less than two million. shite, it's Baton Rouge. Murder record up incomers.
Posted on 11/30/21 at 8:15 pm to Big Jim Slade
quote:Sharpest post on this board in a while.
Get rid of me and BK can leave with no buyout
Posted on 11/30/21 at 8:15 pm to LSUtoOmaha
quote:
LSU owes him 90% of his remaining salary if its fires for cause
Holy shite
Read it closer. 90% of base ($400k/year) and remaining balance of supplemental compensation for the term (big numbers). Basically the balance on $3.2 mil in base plus the balance on ~$9 mil for the season.
Posted on 11/30/21 at 8:18 pm to Cosmo
quote:
Whats the name of his LLC doe?
Rosy Cheeks Boi
Posted on 11/30/21 at 8:19 pm to Lsuhoohoo
Insanity. No really. That's insane.
Posted on 11/30/21 at 8:19 pm to ibleedprplngld
Naw…it’s 90% of the rest of the contract
It’s effectively a fully-guaranteed 10-year contract, save 10%
His buyout today is 90% of $95m
It’s effectively a fully-guaranteed 10-year contract, save 10%
His buyout today is 90% of $95m
This post was edited on 11/30/21 at 8:21 pm
Posted on 11/30/21 at 8:22 pm to Day Wisher
It is not standard, and interesting indeed. Kelly basically saying if Woodward isn’t the AD, I want to be able to get out for free.
It’s not Woodward inserting himself into the contract (as surmised above), it’s Kelly asserting that he’s coming to work for/with Scott Woodward and if for some reason that changes I have the option to walk away without penalty.
It’s not Woodward inserting himself into the contract (as surmised above), it’s Kelly asserting that he’s coming to work for/with Scott Woodward and if for some reason that changes I have the option to walk away without penalty.
This post was edited on 11/30/21 at 8:26 pm
Posted on 11/30/21 at 8:41 pm to JPLSU1981
Does this mean technically if Kelly were to retire in 5 years he would owe LSU $2 million?
Posted on 11/30/21 at 8:43 pm to JPLSU1981
That is also under the “without cause” terms.
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