re: Actual Buyout Info-as of 10/27 3pm=Approx. $780k/mth to BK til buyout negotiation

I don’t know what the contract says but if he’s owed $53 million right now and we pay it off in installments, he absolutely would get more than $53 million ultimately to compensate the time value of money.

I would have expected the $53 million to be paid out over time by the contract. In which case it makes sense to pay a discounted amount as a lump sum upfront.

As of now, it is the full amount that he is contractually owed. So $53ish million. They are currently working on negotiations for a new buyout.

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People, stop with this bullshite. His contract is publicly available, and there is a morality clause.

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Let's just put the actual language here, then, and everyone can decide for themselves whether a rumored affair with a consenting adult would be applicable here, and if it is, why the university wouldn't have simply used this to terminate him outright for cause:

Cause for termination shall be defined as...engaging in serious misconduct which either (i) displays a continual, serious disrespect or continual, serious disregard for the mission of LSU; (ii) brings Employee into substantial public disrepute sufficient, at the discretion of LSU, in a manner sufficient to materially impair Employee's ability to perform the obligations contained herein without material adverse impact on the Team or Program, or (iii) constitutes moral turpitude and breaches the high moral and ethical standards applicable to Employee as a visible representative of LSU, including but not limited to, a knowing and material act of dishonesty, misrepresentation, or fraud, or an act of violence where Employee is the aggressor; in each case whether or not it rises to level of criminal prosecution by the relevant authorities.

Further, the contract states that the University must request, in writing, that Kelly must do everything he can to correct the problem within 7 days. After that 7 days, the University must notify him that they are contemplating firing him over it, and give him 7 more days to argue it. Then the AD makes a decision, and Kelly would have 7 days to appeal that to the President for a final final decision.

This was a lot of words to say - none of this shite happened.

updated title + 1st post.

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You said his contract didn’t have a morality clause, and it in fact does.

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It does have a morality clause but it is a fairly high bar morality clause and as I posted in a thread yesterday you don't get to hold reasons for a for cause firing in your back pocket and use it later (if the behavior stopped) when you are really firing for performance which is clearly the case here.

It appears Kelly is due the ~800k per month through the end of 2031. He might agree to a lower amount in a lump sum (time value of money) or a lower lump sum, reduction in monthly payments, or a combination of the two if LSU waives the mitigation clause if he plans to work in football.