LSU has reached a separation agreement with football coach Ed Orgeron. The coach will finish out the year with the Tigers. It has been confirmed that he will receive his full $16.9 million buyout from the University.
This new agreement terminates the six-year, $42 million extension Orgeron agreed to in January of 2020. LSU will pay Orgeron a monthly amount of $500,000, as well as a $150,000 option, to finish the season.
Getting Paid On The Way Out The Door
Orgeron will received his buyout in 18 installments. Those payments will begin in January of next year and run through December of 2025. The buyout begins with a $5.68 million payment in December. The rest of the payouts are listed below.
January 2022: $667,000
June 2022: $1 million
July 2022: $750,000
December 2022: $1 million
January 2023: $750,000
June 2023: $750,000
July 2023: $750,000
December 2023: $750,000
January 2024: $750,000
June 2024: $500,000
July 2024: $750,000
December 2024: $500,000
June 2025: $426,000
July 2025: $750,000
December 2025: $426,000
If Orgeron is fired without cause, LSU will have to pay him the remainder of his base salary. The employment agreement includes a postseason option. LSU has agreed pay Orgeron an additional $25,000 if the Tigers reach a bowl game.
At 4-3, LSU must win two more games to reach bowl eligibility. It is believed the coach could be fired before bowl season arrives. Many in the media are speculating in regard to an alleged sexual crime that may have occurred at LSU.
Coach Might Be Fired Anyhow
In June, Orgeron was added as a defendant in the ongoing Title IX lawsuit against LSU. The lawsuit accuses former LSU running back Derrius Guice of raping a woman while she was unconscious at a party.
Husch Blackwell law firm has stated that Orgeron denied being told of the alleged rape. It is unclear whether or not that being proven a lie could directly result in his firing with cause, but it does appear to be the case.
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