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LSU to Pay Ed Orgeron Full $ 16.9 Million Buyout Under Separation Agreement | LSU

LSU will terminate coach Ed Orgeron’s contract “without cause” and pay his full buyout as part of a separation at the end of the season, according to a termination agreement released by the school on Sunday night.

Orgeron will receive $ 16.949 million in 18 installments starting in December. The first payment will be equivalent to $ 5 million, and then gradually decrease until what would have been the end of his original contract in 2025.

Orgeron, who signed a six-year extension worth around $ 42 million after the 2019 national championship, owed 70% of his remaining salary under his contract if he was dismissed without cause.

As part of the deal, Orgeron will make at least one public appearance per year on behalf of LSU from 2022 until the deal ends. The apparitions will not last more than two hours unless agreed between Orgeron and the school. He will make four in total.

Orgeron also cannot become the head coach of another Southeastern Conference school in the next 18 months.

Breakdown of how LSU will pay Ed Orgeron his $ 16.949 million buyout:

A-Payments to Orgeron

B-Payments to SARLs involving Orgeron

December 15, 2021: $ 5 million (A)

December 15, 2021: $ 680,000 (G)

January 15, 2022: $ 667,000 (G)

June 15, 2022: $ 1 million (A)

July 15, 2022: $ 750,000 (G)

December 15, 2022: $ 1 million (A)

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January 15, 2023: $ 750,000 (G)

June 15, 2023: $ 750,000 (A)

July 15, 2023: $ 750,000 (G)

December 15, 2023: $ 750,000 (A)

January 15, 2024: $ 750,000 (G)

June 15, 2024: $ 500,000 (A)

July 15, 2024: $ 750,000 (G)

December 15, 2024: $ 500,000 (A)

January 15, 2025: $ 750,000 (G)

June 15, 2025: $ 426,000 (A)

July 15, 2025: $ 750,000 (G)

December 15, 2025: $ 426,000 (A)

Editor-in-chief Scott Rabalais contributed to this report.


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