One month after Louisiana Gov. Jeff Landry railed against Brian Kelly’s exorbitant contract and buyout at LSU, the Tigers have given Lane Kiffin a bigger contract with a larger guaranteed buyout, as well as an unprecedented bonus for any Ole Miss success in the College Football Playoff.
LSU on Monday released its term sheet with Kiffin, which The Athletic obtained. It includes an annual salary of $13 million on a seven-year deal through 2032 for Kiffin, more than the $10.1 million Kelly earned.
The buyout if Kiffin is fired without cause is 80 percent of the remaining annual salary, with no offset from another job. That means the buyout to fire him after the 2026 season starts at $62.4 million. Kelly’s buyout is $54 million, but that includes a duty to mitigate, meaning Kelly is required to try to find coaching work to help offset that money owed to him. LSU recently officially terminated Kelly without cause after a brief legal fight, triggering that buyout. Kiffin won’t have that requirement if fired.
“This is a pattern,” Landry had told reporters in late October when criticizing soon-to-be-fired AD Scott Woodward for Kelly’s contract. “Right now, we’ve got a $53 million liability. We are not doing that again. And you know what? I believe that we’re gonna find a great coach.”
Landry also went on “The Pat McAfee Show” and said, “Everyone is in agreement in Louisiana, the next coach we hire is going to have a patently different contract.”
Ultimately the deal, which mostly looks like every top coach’s contract, was blessed by Landry, who spoke to Kiffin during the search process, according to Puck News and CBS Sports.
There is one unique clause. In an unprecedented move, Kiffin’s LSU contract also states that it will pay him any Playoff bonus he would have received at Ole Miss this season, including $150,000 for an appearance up to $1 million for winning the national title. That means if new Ole Miss head coach Pete Golding goes on a Playoff run, Kiffin will be paid by LSU for that success.
In another clause, LSU will make Lane Kiffin the highest-paid coach in the sport if he wins a national championship at LSU, an escalator he is only eligible to receive one time.
The buyout for Kiffin to leave for another job starts at $7 million through Dec. 31, 2026, and drops by $1 million or more in successive years.
— The Athletic’s Matt Baker contributed to this report.