- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Kelly’s Contract Terms RE: Termination w/out Cause
Posted on 10/26/25 at 9:27 am
Posted on 10/26/25 at 9:27 am
I know all or part of this has been posted elsewhere. Adding to CC Board if anyone is interested and for discussion whether the terms make a move from Kelly more palatable for the money men.
“Liquidated damages under this Section will be paid in equal monthly installments over a period of time equal to the amount of time then remaining in the Term. Should Employee or Company be assessed
additional taxes by the Internal Revenue Service due to a termination without cause, University shall accelerate the payment of such liquidated damages to the extent necessary for Employee and Company to pay any taxes due thereon (whether pursuant to IRC Section 457 or otherwise).”
Brian Kelly Contract
“Kelly’s buyout could have a similar structure. His contract allows LSU, should it terminate the contract early, to split its total buyout cost into equal installments that it would pay annually until 2031.
LSU could also fire Kelly without having to buy his assistants out of their contracts. All coaches on his staff signed deals with clauses that free the athletic department from paying the full cost of their buyouts either if Kelly is no longer LSU’s head coach or if they leave the program to take other jobs.”
NOLA.com
“Kelly would receive $740,185 a month until Dec. 31, 2031, if fired at the end of the 2025 season. He’s making $10.175 million this season. The contract includes a duty to mitigate clause, meaning Kelly would be required to search for a new job if he were fired. LSU would only have to pay the difference in salary between the buyout and his salary.”
Peter Nakos On3
“Liquidated damages under this Section will be paid in equal monthly installments over a period of time equal to the amount of time then remaining in the Term. Should Employee or Company be assessed
additional taxes by the Internal Revenue Service due to a termination without cause, University shall accelerate the payment of such liquidated damages to the extent necessary for Employee and Company to pay any taxes due thereon (whether pursuant to IRC Section 457 or otherwise).”
Brian Kelly Contract
“Kelly’s buyout could have a similar structure. His contract allows LSU, should it terminate the contract early, to split its total buyout cost into equal installments that it would pay annually until 2031.
LSU could also fire Kelly without having to buy his assistants out of their contracts. All coaches on his staff signed deals with clauses that free the athletic department from paying the full cost of their buyouts either if Kelly is no longer LSU’s head coach or if they leave the program to take other jobs.”
NOLA.com
“Kelly would receive $740,185 a month until Dec. 31, 2031, if fired at the end of the 2025 season. He’s making $10.175 million this season. The contract includes a duty to mitigate clause, meaning Kelly would be required to search for a new job if he were fired. LSU would only have to pay the difference in salary between the buyout and his salary.”
Peter Nakos On3
This post was edited on 10/26/25 at 11:38 am
7
Posted on 10/26/25 at 9:31 am to LSUChamps03
Thanks for info baw
Posted on 10/26/25 at 9:34 am to LSU9102
You’re welcome, Baw. How’s the hill country living?
Posted on 10/26/25 at 9:35 am to LSUChamps03
Is Kelly being a dipshit not a valid cause in this contract?
Posted on 10/26/25 at 9:36 am to LSUChamps03
These things just can’t make you not smile, this stupid frick is going to be paid 750k a month to NOT work. I would be sitting in a porch next to a lake drinking a beer laughing my arse off for years.
Coaching is hard and long hours even if you suck, he is completely incentivized to get fired except for his reputation.
Coaching is hard and long hours even if you suck, he is completely incentivized to get fired except for his reputation.
Posted on 10/26/25 at 9:37 am to Ping Pong
Not according to the contract. But I think it should be, in exactly those words.
Posted on 10/26/25 at 10:11 am to LSUChamps03
quote:
The contract includes a duty to mitigate clause, meaning Kelly would be required to search for a new job if he were fired.
So Kelly deciding to retire after being fired would nullify the buyout?
Posted on 10/26/25 at 10:37 am to Ping Pong
quote:
Is Kelly being a dipshit not a valid cause in this contract?
Sucking isn't cause, unfortunately.
Has to be gross misconduct. Can we maybe get a coed to be a honeypot trap?
Posted on 10/26/25 at 10:47 am to Turbeauxdog
quote:
So Kelly deciding to retire after being fired would nullify the buyout?
Good question. Maybe a TD atty can chime in?
Posted on 10/26/25 at 11:01 am to LSUChamps03
quote:
required to search for a new job if he were fired. LSU would only have to pay the difference in salary
Are there any conditions on what kind of "job" ??
Would it have to be in the realm of "head coach or coordinator at a major university" or "TV commentator at a major network" ??
Is there some other constraint on his effort to find equivalent employment ??
Posted on 10/26/25 at 11:06 am to LSUChamps03
quote:
w/out Cause
Need some clarification from the lawyers out there:
"Cause frick you, that's why" doesn't qualify as cause, right?
Posted on 10/26/25 at 11:15 am to LSUChamps03
quote:
The contract includes a duty to mitigate clause, meaning Kelly would be required to search for a new job if he were fired. LSU would only have to pay the difference in salary between the buyout and his salary.
Eh…well, yeah, no….
“Employee shall exercise due diligence and good faith in seeking qualifying employment….”
There is no set “search” criteria regarding this statement in the contract. All these coaches have to say is the job openings they’ve seen don’t meet their requirements. But, they searched. ;)
Posted on 10/26/25 at 11:18 am to ChineseBandit58
quote:
Are there any conditions on what kind of "job" ?? Would it have to be in the realm of "head coach or coordinator at a major university" or "TV commentator at a major network" ?? Is there some other constraint on his effort to find equivalent employment ??
“Duty to Mitigate. In the event of termination by LSU without cause, the amount of liquidated damages owed by LSU under this Section shall be reduced and extinguished by and to the extent of any compensation Employee earns, receives, or is entitled to receive for football-related employment, whether intercollegiate or professional, including coaching, administration or media, from any third party from the termination date until LU's obligation pursuant to this Section to Employee terminates or ceases to exist. Employee shall exercise due diligence and good faith in seeking qualifying employment so long as the liquidated damage obligation exists. In the event Employee obtains such other employment, Employee must notify LSU and provide documentation reasonably requested by LSU to determine the amount of compensation received by Employee and the amount of offset due to LSU.”
Posted on 10/26/25 at 11:23 am to ChineseBandit58
quote:
Are there any conditions on what kind of "job" ?? Would it have to be in the realm of "head coach or coordinator at a major university" or "TV commentator at a major network" ?? Is there some other constraint on his effort to find equivalent employment ??
“Football related employment…could be coach, media, etc”….No criteria other than that…none. The language is vague for a reason and his lawyers and agent made damn sure of it…as they should. There’s no time limit, minimum searches or anything. It’s a non-starter clause.
Posted on 10/26/25 at 11:46 am to MardiGrasCajun
It's weird, I see all of these Kelly threads and I have to remind myself they aren't about Chip.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News