• Latest
  • Trending
  • All
  • News
LSU Accidentally Overpaid Football Coach $1 Million In 2022, Audit Finds

LSU Accidentally Overpaid Football Coach $1 Million In 2022, Audit Finds

January 25, 2023
US Agriculture Dept. Awards $2.7B in Rural Electric Grid Loans

US Agriculture Dept. Awards $2.7B in Rural Electric Grid Loans

January 31, 2023
First Load Transfer a Success at Troubled Millennium Tower in San Francisco

First Load Transfer a Success at Troubled Millennium Tower in San Francisco

January 31, 2023
It’s Time For ‘Destiny 2’ To Beef Up Its Free-To-Play Offerings

It’s Time For ‘Destiny 2’ To Beef Up Its Free-To-Play Offerings

January 31, 2023
Why No One Saw The Success Of Bitcoin Demand Response Coming

Why No One Saw The Success Of Bitcoin Demand Response Coming

January 31, 2023
After Layoffs And A CEO Change, Cometeer’s Frozen Coffee Pod Business Is In Hot Water

After Layoffs And A CEO Change, Cometeer’s Frozen Coffee Pod Business Is In Hot Water

January 31, 2023
How To Conduct Reputation Marketing In A Local Area

How To Conduct Reputation Marketing In A Local Area

January 31, 2023
CEOs Will Be Clamping Down On Employees

CEOs Will Be Clamping Down On Employees

January 31, 2023
The Women’s Quotient study highlights women’s resilience

The Women’s Quotient study highlights women’s resilience

January 31, 2023
Japan Inc strives to lure skilled workers as inflation, labour crunch bite

Japan Inc strives to lure skilled workers as inflation, labour crunch bite

January 31, 2023
India economic survey likely to peg 2023-24 growth at slowest in three years

India economic survey likely to peg 2023-24 growth at slowest in three years

January 31, 2023
U.S. watchdog identifies $5.4 billion in potentially fraudulent COVID-19 loans

U.S. watchdog identifies $5.4 billion in potentially fraudulent COVID-19 loans

January 31, 2023
Marketmind: Fasten your seatbelts

Marketmind: Fasten your seatbelts

January 31, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, January 31, 2023
  • Login
WallStreetReview
  • Home
  • News
  • Contact WSR
No Result
View All Result
WallStreetReview
No Result
View All Result
Home News

LSU Accidentally Overpaid Football Coach $1 Million In 2022, Audit Finds

by Editor
January 25, 2023
in News
0
LSU Accidentally Overpaid Football Coach $1 Million In 2022, Audit Finds
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Topline

Louisiana State University overpaid football coach Brian Kelly by more than $1 million last year, according to the Louisiana Legislative Auditor, adding to the coach’s already-eye-popping salary—but the payments were found to be accidental and the university has reached an agreement with the coach to recoup its money.

Brian Kelly speaks after being introduced as the head football coach of the LSU Tigers during a news … [+] conference at Tiger Stadium on December 1, 2021 in Baton Rouge, Louisiana. (Photo by Jonathan Bachman/Getty Images)

Getty Images

Key Facts

Kelly received double payments in May and June totaling $1,001,368, according to the auditor’s report.

The coach started receiving his paychecks through his limited liability company in May after previously getting paid directly, but LSU kept up the direct payments in May and June, resulting in two checks.

Last season was Kelly’s first at LSU, after he signed a 10-year, $95 million contract with the university after the end of the 2021 regular season—a deal that is also loaded with incentives.

Big Number

$500,000. That’s how big of a bonus Kelly receives at the conclusion of every season, and he gets another $500,000 if LSU wins enough games to be bowl eligible. Kelly is due to receive a $1 million bonus for LSU’s performance in 2022.

Key Background

Kelly is the fifth highest-paid college football coach in terms of base salary, according to NBC Sports, behind only USC’s Lincoln Riley, Clemson’s Dabo Swinney, Georgia’s Kirby Smart and Alabama’s Nick Saban, who leads the way with a deal that paid him $11.7 million last year. Kelly arrived at LSU in late 2021 after abruptly leaving Notre Dame, where he coached 12 seasons and amassed more wins than any coach in the program’s 136-year history. Kelly’s first season at LSU was highly successful, as he coached the team to a division title in the Southeastern Conference and a November win over Alabama, which was LSU’s first home win against the Crimson Tide since 2010.

Surprising Fact

Kelly, 61, has never won a national championship, but he’s hoping to become the fourth-straight LSU coach to win college football’s top prize. Predecessor Ed Orgeron won a national title in 2020, while Les Miles won in 2008 and Nick Saban—who coached at LSU prior to Alabama—won in 2004.

Further Reading

In The Game Of Professional Integrity, Lincoln Riley And Brian Kelly Opted To Punt (Forbes)

Read More

Share196Tweet123Share49
Editor

Editor

  • Trending
  • Comments
  • Latest
Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

February 15, 2022
Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

February 22, 2022

Scaling Up Your Freelancing Career to a Small Business

June 26, 2022
Scholz to warn Putin of western resolve on Ukraine

Scholz to warn Putin of western resolve on Ukraine

0
Waning stockpiles drive widespread global commodity crunch

Waning stockpiles drive widespread global commodity crunch

0
FT Global MBA Ranking 2022: US business schools dominate

FT Global MBA Ranking 2022: US business schools dominate

0
US Agriculture Dept. Awards $2.7B in Rural Electric Grid Loans

US Agriculture Dept. Awards $2.7B in Rural Electric Grid Loans

January 31, 2023
First Load Transfer a Success at Troubled Millennium Tower in San Francisco

First Load Transfer a Success at Troubled Millennium Tower in San Francisco

January 31, 2023
It’s Time For ‘Destiny 2’ To Beef Up Its Free-To-Play Offerings

It’s Time For ‘Destiny 2’ To Beef Up Its Free-To-Play Offerings

January 31, 2023
WallStreetReview

Copyright © 2022. WallStreetReview.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News

Copyright © 2022. WallStreetReview.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Don't miss the

NEWSLETTER

Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

WallStreetReview will use the information you provide on this form to be in touch with you and to provide updates and marketing.