Does BK's contract allow for buy-out to be paid by installments like Coach O's?

I feel like LSU is just being complete morons, or there’s pieces that we’re missing.

Yes, full amount over 6 years. The BOS is trying to send less in one large payment. Kelly is refusing the offer.

It’s beyond just refusing the offer now. There’s threats back and forth. I want to know what lsu has to say on what threats they’re making and why. That’s what’s missing.

Yup. I would be very surprised if he gets the entire $53M.

A $35-$40mm lump sum offer would have been appropriate based on present value calculations. If LSU decided to pursue a legal battle over $10mm, they made a huge mistake. They’ve now made it almost impossible to hire a good coach, which means they’ll waste millions of dollars on a bad coach, and this will spiral out of control for many years. Not to mention that BK is 100% going to get his $54mm. They are fricked.

quote:

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I don’t think he’s interested in looking for another job right away.

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I agree, and I think this is where LSU messed up at the beginning of negotiations. Kelly probably had every intention of coaching again while he was in that emotional whirlwind of the first few days.

Future Millions from another school
+
LSU’s 30 million now
=
He’d come out ahead in the long run.

He’d get a huge chunk of money now, and he would still have a yearly revenue stream in the millions for years to come.

Now he either doesn’t want to coach anymore, or his agent has tested the market, and told him his highest paying opportunities are behind him. Probably a little of both. He’d except a job and paycheck for $5M+ at a quality P4 school with some built-in advantages, but he has no interest in coaching anywhere else, much less building a program.

Now any offsets from future jobs don’t factor into his future, he wants a bigger chunk from LSU.