Louisiana Auditor reports erroneous double-payments to Brian Kelly
Brian Kelly mistakenly received erroneous double-payments that went to both the coach and Kelly’s LLC, however, the school enacted an adjusted pay schedule to recoup the funds by the end of fiscal 2023.
The report by the Louisiana Legislative Auditor’s office noted that the university began making supplemental payments to Kelly’s LLC in May, but also continued to make supplemental payments to the coach directly, which resulted in monthly double payments until LSU management became aware of the error in November.
The Greater Baton Business Report reported that state auditors noted multiple errors related to coaches’ pay by the university’s athletics program last year. The school also misclassified nearly $6.7 million in severance payments as coaching salaries, benefits and bonuses on its Statement of Revenues and Expenses and omitted nearly $140 million in debt on its NCAA Financial Report.
Aside from LSU accidentally paying Brian Kelly an extra $1 million, there is this line from the audit report:
“The school’s football program generated $95.1 million last year and made a net profit of $35.7 million—a nearly 19% increase from last year.” https://t.co/LF3pEShuOh
— Ross Dellenger (@RossDellenger) January 25, 2023