re: I just want to confirm the story of why LSU did not pull the trigger last year.

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I just don't understand the negative perception of the buyout. Why can't LSU come out with a statement that any buyout comes from private funds and does not impact the budget?

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While that makes sense, you have to see both sides of the argument.
Yes, it is private money and they should never be told what they can and can't do with it. To pay a man 15 million to go away because he can't win football games at a school then to have said school turn around and ask for a government handout to keep the doors open is kind of a dick move. Take your homeristic feelings and love for football out of the equation. Look at it from the governments point of view. Schools were not built to provide a place to play football. They were built for education. Ergo football should take a backseat to education.

Also take into consideration that from the governments view, you just had people pay 15 million because they "love LSU" presumably. Well if you "love LSU", why can you not find it to make sure the money is there to keep the educational part of it open too. Football is not a necessity for a university to be successful.