Brian Kelly’s LSU Buyout Finalized at $54 Million After Termination

LSU has formally terminated former head football coach Brian Kelly. The university sent a letter confirming his dismissal without cause this week. This action solidifies the school’s financial obligation to Kelly.

According to a report from Yahoo Sports, the move was expected. It follows Kelly’s firing in late October. The decision now triggers a massive buyout payment from the university.

Understanding the $54 Million Payout Clause

The termination without cause means LSU must pay Kelly’s full buyout. The amount owed is approximately $54 million. This is detailed in his original contract with the school.

This payment is not without conditions for Kelly. His contract includes a “duty to mitigate” clause. He must actively seek another qualified head coaching job to receive the full sum. The payments will be distributed over the next six years.

Legal Dispute Precedes Formal Termination

This formal letter concludes a contentious period between the coach and the university. LSU attempted to settle for less than the full buyout amount after his dismissal. Kelly rejected those offers from the school.

The former coach then filed a lawsuit against LSU. This legal action was taken to ensure he received the full remaining value of his contract. His firing after eight games in his fourth season led to this financial standoff. Kelly finished his tenure at LSU with a 34-14 record.

The finalized $54 million Brian Kelly LSU buyout represents one of the largest in college football history. This settlement closes a significant chapter for the Tigers football program as they move forward under new leadership.

Thought you’d like to know

What does “terminated without cause” mean?

It means LSU did not fire Brian Kelly for a specific contract violation. Therefore, the school is legally obligated to pay the full buyout amount specified in his agreement.

How much is Brian Kelly’s LSU buyout?

The total buyout payment is approximately $54 million. LSU will pay this amount to Kelly over a six-year period, pending his compliance with the contract’s mitigation clause.

What is the “duty to mitigate” clause?

This contract term requires Kelly to make a good faith effort to find another qualified coaching job. If he does not seek employment, LSU’s financial obligations could be reduced.

When was Brian Kelly fired from LSU?

LSU dismissed Kelly on October 26, eight games into his fourth season as head coach. The formal termination letter was delivered recently, finalizing the buyout process.

What was Brian Kelly’s record at LSU?

He compiled a 34-14 record over his three-plus seasons leading the Tigers football program. His teams were competitive in the tough Southeastern Conference.