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LSU Bets Big on Kiffin: Record Salary & Bonuses
3 Dec
Summary
- Kiffin receives bonus money from LSU for Ole Miss's CFP participation.
- His new seven-year LSU contract pays $13 million annually.
- LSU to cover moving expenses and potential buyout if Kiffin departs.
Lane Kiffin has secured a lucrative seven-year contract with LSU, reportedly paying him $13 million annually and positioning him as the second-highest-paid head coach in college football. This deal includes a clause that could make him the highest-paid if LSU wins the national championship. Kiffin will also receive bonus money from LSU pertaining to Ole Miss's College Football Playoff participation, an unprecedented arrangement given he is no longer coaching the Rebels.
Beyond his base salary, Kiffin's contract offers substantial bonuses, including up to $1 million for winning the SEC Championship and potential CFP bonuses ranging from $750,000 to $3 million. LSU is also providing up to $500,000 for relocation expenses. The contract also outlines significant financial implications should Kiffin leave or be fired, with LSU reportedly liable for 80% of his remaining salary if he's fired without cause.
Kiffin officially accepted the LSU position after weeks of speculation, which included considering remaining at Ole Miss or pursuing the Florida job. His departure from Ole Miss led to the promotion of defensive coordinator Pete Golding as the Rebels' new head coach. This move signifies a major shift in the coaching landscape, with LSU making a significant financial commitment to Kiffin.
