"Former LSU football coach Brian Kelly rejected two financial settlement offers from the university, and his attorneys have given LSU officials a Monday deadline to confirm in writing that they'll pay him the $54 million he's owed under the terms of his contract. Kelly, who was fired on Oct. 26, was in the fourth season of a 10-year, $95-million contract."
"According to documents obtained by the Baton Rouge Advocate, former LSU athletics director Scott Woodward offered Kelly a lump-sum payment of $25 million on the day he was fired. Woodward also offered to remove the mitigation language in Kelly's contract, which would have reduced the buyout amount if he coached again. LSU executive deputy athletic director Julie Cromer later increased the settlement offer to $30 million in two payments, according to the documents. Kelly, who had a 34-14 record at LSU, rejected both offers,"
"In a Nov. 5 letter to new LSU athletic director Verge Ausberry and Board of Supervisors member John Carmouche, Kelly's attorneys said they want university officials to confirm by 6 p.m. ET Monday that the school intends to "fulfill its contractual obligation" to pay Kelly the "full liquidated damages." "Absent this written confirmation by that date, Coach Kelly will pursue all available legal remedies," the letter said."
Brian Kelly rejected two settlement offers from LSU and his attorneys set a Monday deadline for written confirmation that the university will pay $54 million owed under his contract. Kelly was fired on Oct. 26 while in the fourth season of a 10-year, $95 million deal. LSU offered a $25 million lump-sum and removal of mitigation language, then a $30 million offer in two payments; Kelly, 34-14 at LSU, declined both. Attorneys say LSU confirmed the firing was without cause, entitling Kelly to 90% of remaining compensation. If unpaid, the university would owe monthly payments through 2031, reduced by any future coaching salary.
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