re: BP Buyout Question

quote:

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If he's fired without cause in his first year, LSU would owe him about $6.9 million; if he's fired without cause in his second year, about $4.6 million; and his buyout would be about $2.3 million in his final year.

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I wouldn’t assume that LSU would be required to pay that $6.9M in a lump sum. Most of the time in such cases, the school is only obligated to continue paying the annual salary until the contract expires (a deal like we had with Miles). This allows the school to offer a lower lump sum buyout if the coach wants his money immediately.