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What are we really talking on the Kelly buyout?
Posted on 10/26/25 at 11:47 am
Posted on 10/26/25 at 11:47 am
Everyone 's saying we can't afford it.
Talking about $53 million.
How much do we actually save by waiting until after our first 2 or 3 losses next year as opposed to right now? It's not $53 million right?
So, we can't afford what? $5 to $7 million? Seriously?
Talking about $53 million.
How much do we actually save by waiting until after our first 2 or 3 losses next year as opposed to right now? It's not $53 million right?
So, we can't afford what? $5 to $7 million? Seriously?
3
Posted on 10/26/25 at 11:50 am to Green Chili Tiger
Its 53 million spread out for the remaining length of the contract, 2031
Posted on 10/26/25 at 12:00 pm to TheArrogantCorndog
quote:
Its 53 million spread out for the remaining length of the contract, 2031
I get that. Im just saying it's obvious we're not saving $53 million by firing him next season instead of right now.
And make no mistake, we'll be having this same discussion next year if we don't fire him before then.
Posted on 10/26/25 at 12:48 pm to TheArrogantCorndog
It’s $53 million minus whatever he makes at his next coaching job. And he has to use due diligence to find one.
So if he signed a 6 year contract ar $5 million a year at Va Tech or somewhere similar, the buyout goes down by $30 million.
It is paid monthly though. No lump sum at all.
So if he signed a 6 year contract ar $5 million a year at Va Tech or somewhere similar, the buyout goes down by $30 million.
It is paid monthly though. No lump sum at all.
Posted on 10/26/25 at 12:51 pm to Green Chili Tiger
quote:
How much do we actually save by waiting until after our first 2 or 3 losses next year as opposed to right now?
You realize they don’t actually save money by waiting, right?
They are either paying him the money as he coaches, or paying him the money not to coach. The buyout is reduced as he coaches because the same money is going to his salary. Why is this so hard to understand?
Posted on 10/26/25 at 12:59 pm to Lester Earl
quote:
You realize they don’t actually save money by waiting, right?
Yes. I do.
That's why the whole "We can't afford the buyout " argument is stupid.
Posted on 10/26/25 at 1:21 pm to Lester Earl
If anything, the quicker you fire Kelly, the easier it is for him to find that 2016 job and reduce that buyout.
Posted on 10/26/25 at 1:22 pm to Green Chili Tiger
Whatever we give him will suck $$$ from our NIL coffers
Posted on 10/26/25 at 1:24 pm to Martin Blank
quote:
So if he signed a 6 year contract ar $5 million a year at Va Tech or somewhere similar, the buyout goes down by $30 million.
I read through the contract and this isn’t very clear. Yes, he has to make an attempt to get a new job. It’s not clear though how much the buyout would drop.
In that example, if the $30mm isn’t guaranteed, I doubt $30mm is knocked off what LSU is owed. So I’m guessing it probably goes year by year. He coaches 2 years, LSU owes $10mm less, and so on.
Posted on 10/26/25 at 1:29 pm to Lester Earl
quote:
You realize they don’t actually save money by waiting, right? They are either paying him the money as he coaches, or paying him the money not to coach. The buyout is reduced as he coaches because the same money is going to his salary. Why is this so hard to understand?
Yep, the only difference is you are paying the new coaching staff a year earlier in this instance.But I’m not sure Kelly coaches again. I think like Saban he is probably pretty disenchanted and fed up with the new era of college football
This post was edited on 10/26/25 at 1:30 pm
Posted on 10/26/25 at 1:31 pm to Green Chili Tiger
quote:
I get that. Im just saying it's obvious we're not saving $53 million by firing him next season instead of right now.
And make no mistake, we'll be having this same discussion next year if we don't fire him before then.
This guy gets it
Posted on 10/26/25 at 1:38 pm to DBG
That’s an interesting point about what happens if Kelly gets cute and takes a non guaranteed deal in 2026.
My complete and total guess is that LSU would argue that failure to get that contract guaranteed isn’t good faith or due diligence, since nearly all P4 head coach contracts (and nearly all contracts negotiated by Trace Armstrong) are at least 90% guaranteed.
So LSU would just deduct the yearly pay from the 2026 job from the buyout as though it was guaranteed.
My complete and total guess is that LSU would argue that failure to get that contract guaranteed isn’t good faith or due diligence, since nearly all P4 head coach contracts (and nearly all contracts negotiated by Trace Armstrong) are at least 90% guaranteed.
So LSU would just deduct the yearly pay from the 2026 job from the buyout as though it was guaranteed.
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