Brian Kelly contract: Term sheet reveals details, buyout
Brian Kelly arrived in Baton Rouge on Tuesday afternoon as the new LSU football coach. We now know officially what LSU will be paying Kelly to coach the Tigers.
LSU has sent out the term sheet to media members. The term sheet shows that Kelly will start out making $9 million. Kelly’s salary will go up over the years, while he’ll also pick up annual $500,000 longevity bonuses every year he is retained. If let go, Kelly’s buyout depends on if he has won a national championship (100 percent of the remaining deal) or not (90 percent). If Kelly leaves LSU, the program is owed $4 million before Dec. 31, 2022, and $2 million after that date.
Various other bonuses and incentives were highlighted on Twitter:
Including $500,000 annual retention payments, Brian Kelly’s new deal with LSU works out to 10 years, $100 million.
That makes him the first public-school coach with a nine-figure contract.
— Steve Berkowitz (@ByBerkowitz) December 1, 2021
Along with the bonuses and the salary, #LSU is providing a couple of special incentives to the coach:
– two courtesy vehicles or two vehicle allowances in the amount of $1,000 a month
– interest free home loan (up to $1.2M) of 20% of home price— Ross Dellenger (@RossDellenger) December 1, 2021
Along with the bonuses and the salary, #LSU is providing a couple of special incentives to the coach:
– two courtesy vehicles or two vehicle allowances in the amount of $1,000 a month
– interest free home loan (up to $1.2M) of 20% of home price— Ross Dellenger (@RossDellenger) December 1, 2021
Along with the bonuses and the salary, #LSU is providing a couple of special incentives to the coach:
– two courtesy vehicles or two vehicle allowances in the amount of $1,000 a month
– interest free home loan (up to $1.2M) of 20% of home price— Ross Dellenger (@RossDellenger) December 1, 2021
