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Lane Kiffin hired as LSU's coach, won't finish season with Ole Miss

The LSU Tigers got what they wanted, hiring Lane Kiffin as their new coach on Sunday.

Kiffin did not get everything he wanted, however, and he will not be coaching Ole Miss for the remainder of the season as the Rebels eye a spot in the College Football Playoff.

"After a lot of prayer and time spent with family, I made the difficult decision to accept the head coaching position at LSU," Kiffin said in a statement Sunday.

His deal with LSU is for seven years and is worth approximately $12 million annually, with the potential for bonuses, a source told ESPN's Pete Thamel.