Lane Kiffin Lands $91 Million Contract with LSU
In a significant move for college football, LSU has signed Lane Kiffin to a lucrative seven-year contract worth $91 million. This deal secures his position as one of the highest-paid coaches in the sport, with a base salary of $13 million annually.
Contract Details for Lane Kiffin
The contract signifies Kiffin’s rise within college football coaching ranks. If he succeeds in winning a national championship, he could surpass the current highest-paid coach, Kirby Smart of Georgia, who earns approximately $13.8 million annually.
Incentives and Bonuses
- LSU will provide playoff bonuses linked to Ole Miss’s performance in the College Football Playoff, reflecting Kiffin’s previous coaching success.
- If Kiffin is dismissed without cause, he will receive 80 percent of the unpaid balance of his contract.
Financial Commitment to Coaching Changes
LSU’s total financial commitment associated with this coaching change is substantial. They will also pay a $54 million buyout to former coach Brian Kelly. This brings the overall financial obligation to around $145 million.
Potential Buyout Savings
LSU could save 20 percent if they choose to terminate Kiffin’s contract early. However, as the details unfold, it remains to be seen how these figures will impact the program in the long term.
Fans are eagerly anticipating Kiffin’s official introduction, which may occur during a basketball game. This move marks a pivotal moment for both Kiffin and LSU as they look to enhance their football program’s reputation.
