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Posted on 11/11/25 at 1:45 pm to TDsngumbo
quote:
Have we learned exactly what it is that LSU is claiming against Kelly?
Does not matter, what does matter is how this fiasco will affect LSU's chance to get their next coach.
If they wanted Lane or similar caliber HC coach, and they have other options with similar offers, why would he even consider an institution that would not honor their contract?
LSU do not have the moral high ground regardless of their claim (unless something truly hideous like CP), LSU honored Orgeron's buyout and supposedly he did some sketchy things while HC of LSU.
Posted on 11/11/25 at 1:48 pm to Harry Caray
quote:
How often do fired coaches have to sue their former school for their buyout? This feels unprecedented.
He’s not suing for the buyout. He’s suing for clarification on his standing. Was he officially terminated or only told that he was going to be terminated?
Seems like LSU is claiming the latter.
Posted on 11/11/25 at 1:53 pm to Chad504boy
quote:Read the link. Taxpayers are on the hook for the buyout.
I'm so tired of lsu fans being a bunch of pussies over money that is not even ours or affecting us.
And to take it a step further when the state refuses to pay the judgement like they do all the others that will effectively mean LSU contracts are now worthless.
This is why Landry got pissed to begin with by the way.
This post was edited on 11/11/25 at 1:56 pm
Posted on 11/11/25 at 1:54 pm to jasonbr1975
They secured $ for two installments totaling $30 mil. They didn't secure the funds for the full buyout like someone falsely reported. LSU is likely trying to lower that amount since the $ they do have does not equal $43 mil currently.
Posted on 11/11/25 at 1:55 pm to RB10
quote:
You’ve got this backwards
$43M upfront is a worse deal for LSU than just paying the full $54M over 6+ years.
If LSU has $43M available in a lump sum, they would do better to put that lump sum into an account that pays a return. Even if they were only getting a conservative 4-5% return, it would end up where they make enough in interest over the 6 years to cover the $11M difference between the full buyout vs $43M lump sum.
And a lump sum means no more mitigation clause where LSU's financial obligations would be offset by whatever salary he earns if he gets another job.
If LSU can't settle with BK for a lump sum in the low 30's, then they should just tell him they'll pay the full amount in monthly installments and do everything in their power to enforce the mitigation clause and make his arse put a good faith effort into getting another job.
Posted on 11/11/25 at 1:57 pm to Tiger Prawn
quote:
$43M upfront is a worse deal for LSU than just paying the full $54M over 6+ years.
I assumed he was talking about Kelly. The lump sum is preferable to Kelly, the payment plan to LSU unless the lump sum is low enough.
If Kelly was offered $43 mil (that’s the rumor right now) and turned it down he’s playing with fire.
This post was edited on 11/11/25 at 2:01 pm
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