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re: Terms of Kelly contract released

Posted on 11/30/21 at 8:15 pm to
Posted by ibleedprplngld
Lafayette, LA
Member since Jan 2012
4305 posts
Posted on 11/30/21 at 8:15 pm to
quote:

LSU owes him 90% of his remaining salary if its fires for cause

Holy shite


Read it closer. 90% of base ($400k/year) and remaining balance of supplemental compensation for the term (big numbers). Basically the balance on $3.2 mil in base plus the balance on ~$9 mil for the season.
Posted by JPLSU1981
Baton Rouge
Member since Oct 2005
26297 posts
Posted on 11/30/21 at 8:19 pm to
Naw…it’s 90% of the rest of the contract

It’s effectively a fully-guaranteed 10-year contract, save 10%

His buyout today is 90% of $95m
This post was edited on 11/30/21 at 8:21 pm
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