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Started By
Message
re: Tim Brando reporting Brian Kelly will receive $740k a month for next 7 years for buy-out
Posted on 10/27/25 at 3:47 pm to KC Tiger
Posted on 10/27/25 at 3:47 pm to KC Tiger
quote:
Do you know any employer who pays employees interest on top of their scheduled salary?
I think he means that if LSU negotiated a longer term for the payout, one would expect the aggregate payout amount to more with interest.
0
Posted on 10/27/25 at 3:50 pm to KC Tiger
quote:
Do you know any employer who pays employees interest on top of their s
I presume that his contract says that if they terminate him, the buyout is $X due now. If LSU owes the lump sum now but pays it over time, he's going to be entitled to interest, or he's not getting the full buyout. in other words, $54,000 million today is worth more than $54,000 in payments spread out over 7 years. I don't know what the contract says about sidelining him and just continuing his salary.
If they just continue his salary, they lose the ability to force him to mitigate their loss by getting a new job.
Posted on 10/27/25 at 3:53 pm to piratedude
quote:
I presume that his contract says that if they terminate him, the buyout is $X due now.
It doesn’t say this.
quote:
I don't know what the contract says about sidelining him and just continuing his salary.
They can’t do that.
This post was edited on 10/27/25 at 3:56 pm
Posted on 10/27/25 at 3:58 pm to piratedude
quote:
I presume that his contract says that if they terminate him, the buyout is $X due now
Nope. It does not say that.
Posted on 10/27/25 at 4:02 pm to MrLSU
Well, he’s about $40 million off so...
This post was edited on 10/27/25 at 4:03 pm
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