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, according to the report.
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.
Kelly's attorneys said in the letter that LSU officials previously confirmed that the coach was fired without cause, meaning he would be owed 90% of his remaining compensation.
If a lesser amount isn't negotiated, the university would owe Kelly $54 million in monthly payments through 2031, minus any future salary he receives in coaching.
Kelly's lawyers told LSU officials that the coach was still «open to
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