LSU’s new football coach, Brian Kelly, is set to receive just over $100 million in basic compensation over 10 years, according to a term sheet USA TODAY Sports received from the school Tuesday night.
The deal – which is subject to a satisfactory background check and approval by the LSU Board of Supervisors – makes Kelly the first coach at a public school with a nine-figure contract.
His pay is categorized as $400,000 in base salary annually, supplemental compensation that begins at an annual rate of $8.6 million, and a $500,000 “longevity” payment that he will receive if he is on the job each July 1.