Domain: tiger-web1.srvr.media3.us The $10 million buyout number is extremely misleading... | Page 2 | Tiger Rant
Started By
Message

re: The $10 million buyout number is extremely misleading...

Posted on 2/12/26 at 4:06 pm to
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
39619 posts
Posted on 2/12/26 at 4:06 pm to
Ok they still not cutting it
Posted by KamaCausey_LSU
Member since Apr 2013
17448 posts
Posted on 2/12/26 at 4:07 pm to
I see why the pay tables listed 2029-2030. McMahon's contract had an automatic 1 year extension in it if LSU received any penalties for conduct prior to his start date. Post Season ban or 2+ scholarship reduction and McMahon would have gotten an 8th year added.
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
39619 posts
Posted on 2/12/26 at 4:08 pm to
Im sure your fry makers think the same way about your burger flipping arse
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
12823 posts
Posted on 2/12/26 at 4:10 pm to
Thanks for all the info, honestly I don’t care if it was a lump sum. Whatever gets us to a new coach. Hate it didn’t work out but the time has come to move forward with someone else.
Posted by diehard24
Member since Oct 2006
531 posts
Posted on 2/12/26 at 4:13 pm to
I think you meant $200k per month, not per year
Posted by GetmorewithLes
UK Basketball Fan
Member since Jan 2011
22601 posts
Posted on 2/12/26 at 5:46 pm to
quote:

The contracts specifically say LSU pays this out in equal monthly installments over the rest of the years left on the deal. For McMahon, LSU is basically just paying a monthly bill for the next few years, not taking an 8 million dollar hit to the bank account all at once.


This is why most of you on here are broke. Mens BB has a balance sheet. One charge is to pay coaches. So now you want to pay a new coach to really coach and one not to do anything.

This is like buying a new house with a mortgage and still paying the old mortgage or buying the new car and rolling the debt owed onto the new note.

I think this is what we did with BK but what is different is somebody had to pony up the financial backing to do what we did after that. What concerns me is that LSU seems to be hesitating for financial reasons which means they boosters are not firmly behind it or the program.
Posted by LuzianaFootball
DC
Member since Dec 2008
8105 posts
Posted on 2/12/26 at 5:57 pm to
This without cause is bs. Isn't losing by 30 and not doing your job well for more than 2 years fireable "with cause"? It would be at any other company.
Posted by LSUFootballLover
BR
Member since Oct 2008
4544 posts
Posted on 2/12/26 at 6:01 pm to
quote:

Tigerbait2008


Not sure if Will screwed your wife or McMahon is your brother but you obviously arent an LSU basketball fan. If you were a fan you’d know that MM should have been gone last year. Also, if you were a fan you’d want WW to return. He would turn the program around in 1 year. Even if we can’t hire WW, a change is desperately needed.
Posted by TigerDavid3527
Member since Oct 2023
459 posts
Posted on 2/12/26 at 6:36 pm to
LSU needs to upgrade the stadium to attract better talent the man can coach basketball people like Kim mulkey didn’t just make up he could coach basketball he has been killed by injuries!! Updates gets you more players where injuries don’t hurt as much!!
Posted by TheBaker
Prairieville
Member since Jan 2004
4844 posts
Posted on 2/12/26 at 6:44 pm to
“We can’t afford that. We just need to accept the fact that LSU won’t be able to keep up with the big programs…blah blah blah”.
Posted by PurpleSingularity
Member since Dec 2017
2755 posts
Posted on 2/12/26 at 7:25 pm to
quote:

Im sure your fry makers think the same way about your burger flipping arse


R&D Engineer here…you don’t want to go down this road with me
Posted by Bacon84
Texas
Member since Oct 2012
1454 posts
Posted on 2/12/26 at 7:41 pm to
Serious question….. who cares?
Posted by jrobic4
Baton Rouge
Member since Aug 2011
12867 posts
Posted on 2/12/26 at 8:36 pm to
quote:

If McMahon were to leave voluntarily for another position before June 30, 2026, he would owe LSU $2 million in liquidated damages


I have a feeling LSU would wavie to this buy out
Posted by Datbayoubengal
Port City
Member since Sep 2009
29271 posts
Posted on 2/12/26 at 9:10 pm to
quote:

Paid out over 39 months is roughly $200,000 per month IF he doesn't get another job. His new job will reduce this significantly.
They'd also have to pay out the buyout of the next coach while hiring him with a bigger deal than you gave McMahon, plus the average roster in the SEC for basketball is 9.7 mill, plus we're paying 50 something mill for Kelly (he's not going to no other schools), and paying Kiffin big money and paying this high football roster too.

In truth big boosters will really have to be in love with LSU basketball. Think about it like this, how many other schools are trying to throw around the money we are to achieve top tier success in football, Men's BB, Women's BB, and baseball? If the oil money and Nike and Hollywood level boosters aren't pumping every major sport in the top teir of spending. They are picking and choosing.
Posted by Penrod
Member since Jan 2011
54053 posts
Posted on 2/13/26 at 7:02 am to
quote:

Looks like LSU will be paying the entire buyout for BK. It’s no guarantee that a coach will find another job

That’s what those dumb fricks get for hiring a 60 year old. I said so at the time. CBK is the same age as me. I was at least as successful as CBK in my field, but I knew my day was past and I figured his was at least close to past.
Posted by dirtytigers
225
Member since Dec 2014
2487 posts
Posted on 2/13/26 at 7:32 am to
Moscona dont know shite. The money will be there come March/April
Posted by Alt26
Member since Mar 2010
34997 posts
Posted on 2/13/26 at 7:33 am to
quote:

They'd also have to pay out the buyout of the next coach while hiring him with a bigger deal than you gave McMahon,


It would depend on who LSU hires. If it is a mid-major HC or major conf. assistant, then the buyout would be minimal, it there is one at all. It's likely Wade would be the only major conf. target.

quote:

plus the average roster in the SEC for basketball is 9.7 mill,


NIL estimates are like dick measuring contest or fishing stories. Evey time it is talked about the size gets a little bit bigger and it is ALWAYS exaggerated. Plus, ~$4M would come from revenue sharing.

quote:

n truth big boosters will really have to be in love with LSU basketball. Think about it like this, how many other schools are trying to throw around the money we are to achieve top tier success in football, Men's BB, Women's BB, and baseball?


Indiana just signed Cignetti to an $11.6M deal and they are paying their new basketball HC nearly $5M. LSU baseball and WBB certainly have their share of donors, but those markets are much smaller than football and men's basketball.

Unless LSU can convince Wade to return, it's very likely they aren't going to hire a "big name" HC. That's where the football mentality of many fans erroneously come into play. They think one MUST hire a "big fish" at a massive cost to be great in basketball. That just isn't the case. Todd Golden wasn't a big name when Florida hired him at the same time LSU hired MM. 3 years later he's a national champion. A&M just hired McMillan from Samford for roughly $3M per year. They are in the hunt for a NCAA Tournament bid with a completely new roster (returned 0 scholarship players from last year)

NO ONE is expecting LSU to hire a HC and immediately compete for a NC next year. But that doesn't mean you just throw your hands up and say "oh well. I guess will not only continue employ the worst HC in the league (which the record reflects) but give him MORE money to waste." You cut your losses and move on. Maybe the situations in other sports keeps you from going after a "big name" with a $6M, $7M, $8M contract offer. But it doesn't prevent you from finding a coach who can produce much, MUCH better results than the current situation.
Posted by Big4SALTbro
Member since Jun 2019
23485 posts
Posted on 2/13/26 at 7:52 am to
It’s misleading for sure since it’s really 8M and that’s equally paid out per month and of course the offsets. We are paying that rather he coaches or not.

The roster is also a cost we will pay rather MM coaches or not so that number doesn’t change.

So then it’s the new coaches salary so let’s say it’s 4M plus 2M for staff so it’s 6M more over a full year. 500k in additional expense if we can vs not per month assuming worst case he can’t get a job.
Posted by texastigerr
Texas
Member since Jan 2005
9297 posts
Posted on 2/13/26 at 9:25 am to
Is BK even really trying to find a new job? His name was not and has not been mentioned for any jobs that were out there. I never saw anything where he had an interview or an inquiry. Not in college and not in the NFL. Nobody wants him it seems. Or is he just taking a year off before jumping back in? Lazy when he was here and lazy when he is not.
Posted by saturncube21
Member since Nov 2015
11176 posts
Posted on 2/13/26 at 9:32 am to
In monthly installments
first pageprev pagePage 2 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram