Take this for what it is worth

If the rumor is true, what he would have signed yesterday isn’t the full employment contract those take weeks or months to finalize because lawyers from both sides have to draft the long-form deal. What usually gets signed early is an MOU or a term sheet, which basically locks in the key numbers (years, salary, buyout, incentives). An MOU can be binding depending on how it’s written, and schools use them all the time so a coach can agree to terms while still coaching his current team. There’s nothing stopping him from coaching the Egg Bowl and signing an agreement the same day it happens every year during coaching carousel season. The only reason the news hasn’t run with it is because they need verifiable proof. If he signed something yesterday and they’re trying to keep it quiet until the time is right, it makes sense people around the program would hear it but the media wouldn’t report it yet. Supposedly the press release is still set for Friday at 3:00 PM if everything holds together. Again, believe it or don’t I was just passing along what I was told:
?? He signed the agreement yesterday
?? 13.5M per year
?? Press release planned for 3:00 PM Friday (After Egg Bowl)

Source: TAF Employee

Also Look, LSU TAF doesn’t draft the coach’s contract that’s done by LSU’s legal department and the Board of Supervisors. BUT people in TAF do see the financial framework because they’re the ones who have to confirm the funding, the private contributions, and the donor commitments long before anything becomes public. TAF handles the money behind the scenes the boosters, the pool for salary, the private side of the compensation package. They’re in the room when the numbers are built. That’s why my source would know: they’re connected to the financial side, not the legal side. And no, the full long-form contract isn’t done yet those take weeks or months. What gets signed early is an MOU (basically the agreed-upon terms). Coaches sign MOUs every year before their season is even over. He can coach the Egg Bowl and sign an agreement the same day. It happens constantly during the coaching carousel. Media hasn’t reported anything because they don’t run with rumors unless they see the physical document or get direct confirmation. Without proof, reporters can’t touch it. But the people inside the program can know before the media does that’s how it always works.