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BK contract details

Posted on 11/10/24 at 12:44 pm
Posted by DIGGY
Member since Nov 2012
1841 posts
Posted on 11/10/24 at 12:44 pm
Have seen a lot of figures thrown out about BK’s buyout amount. According to the contract, as of Jan 1 2025, he has 64.8 million left on the contract. If terminated w/o cause, he is owed 90% of that (58.3) paid out over the remaining term (7 yrs at 8.33 per year). Offset for any post firing earnings for college OR professional coaching, admin, or media positions.
This post was edited on 11/10/24 at 12:52 pm
Posted by Dupree for 3
Interwebs
Member since Jan 2020
566 posts
Posted on 11/10/24 at 12:45 pm to
How much canes we gotta eat to make this happen?
Posted by WhoGeaux
Member since Apr 2011
4996 posts
Posted on 11/10/24 at 12:46 pm to
any offsets for future salaries?
Posted by Bayoubengal205
Member since Nov 2016
1091 posts
Posted on 11/10/24 at 12:46 pm to
I’ll never understand how completely sucking at your job or not delivering on your promises is not considered “cause for termination”.
It certainly is in my line of work.
This post was edited on 11/10/24 at 12:47 pm
Posted by Providince
Member since Dec 2010
42 posts
Posted on 11/10/24 at 12:47 pm to
I'd rather they put that money, if they have it, into star players.
Posted by Zamperini2014
Baton Rouge
Member since Feb 2018
773 posts
Posted on 11/10/24 at 12:49 pm to
It could be worse you could have Napier or Norvell. But Kelly is asssss
Posted by Twincam
Member since Nov 2021
876 posts
Posted on 11/10/24 at 12:50 pm to
I don't get it either. Hopefully one of these schools will quit this nonsense and break the cycle. Either come to the school and do your best, or we'll find someone else.
Posted by DIGGY
Member since Nov 2012
1841 posts
Posted on 11/10/24 at 12:50 pm to
Yes. Offset for college or pro coaching, admin, or media positions.
Posted by dukke v
PLUTO
Member since Jul 2006
214074 posts
Posted on 11/10/24 at 12:50 pm to
Well the bottom line is that at ALL these high profile schools the pressure to win is such that they will throw undeserved money to these coaches.
Posted by TDsngumbo
Member since Oct 2011
45889 posts
Posted on 11/10/24 at 12:51 pm to
$58,300,000 is only $81 and some change per seat, per game for a 7 home game season.

Let’s fricking do it. Hell, I’ll fricking throw in the $81 extra per seat per game for the guy next to me too.

One season and it’s done. No debt and we get to forget the Brian Kelly experiment ever happened.

Brian Kelly has to go.
This post was edited on 11/10/24 at 12:54 pm
Posted by Dvice1956
Baton rouge
Member since Dec 2019
82 posts
Posted on 11/10/24 at 12:51 pm to
Are we still paying for ogeron?
Posted by DIGGY
Member since Nov 2012
1841 posts
Posted on 11/10/24 at 12:52 pm to
No. That was a negotiated one time lump 17 mill payment.
Posted by tigerbait2010
PNW
Member since May 2006
31891 posts
Posted on 11/10/24 at 12:54 pm to
I think Kelly is going to give the 2024 and 2025 classes a shot, and if we don’t take the next step he will retire anyway.
Posted by Cracker
in a box
Member since Nov 2009
18925 posts
Posted on 11/10/24 at 12:55 pm to
No shite but we don’t have contracts
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