Ed Orgeron is leaving LSU, but he won’t be leaving empty-handed.
LSU announced Sunday that Orgeron’s time with the program will come to an end at the conclusion of the season. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
However, he’s still going to get a massive chunk of cash to go away.
A Letter from Scott Woodward, LSU’s Director of Athletics pic.twitter.com/eVGmqqIRbK
— LSU Football (@LSUfootball) October 17, 2021
According to Ross Dellenger, the terms of the separation agreement require LSU to pay Orgeron his buyout of $16.949 million.
He’ll get the first chunk of $5.68 million in a couple months.
Official: Per term sheet, #LSU is terminating Orgeron’s contract “without cause” & will pay a buyout of $16.949M, as reported earlier.
Payments to be delivered in 18 installments, starting this December & ending Dec 2025.
1st payment, due in about 2 months, is for $5.68 million
— Ross Dellenger (@RossDellenger) October 17, 2021
O payments
Dec 2021: $5.68M
Jan 2022: $667K
Jun 2022: $1M
Jul 2022: $750K
Dec 2022: $1M
Jan 2023: 750K
Jun 2023: $750K
Jul 2023: $750K
Dec 2023: $750K
Jan 2024: $750K
Jun 2024: $500K
Jul 2024: $750K
Dec 2024: $500K
July 2025: $750K
Jun 2025: $426K
July 2025: $750K
Dec 2025: $426K— Ross Dellenger (@RossDellenger) October 17, 2021
Even though Coach O has suffered an unprecedented fall from grace, he’s still going to have plenty of money to survive and thrive.
His payout in December will be for more money than the average person in America makes in a lifetime.
Ed Orgeron Allegedly Hit On The Pregnant Wife Of A High-Ranking LSU Official https://t.co/QGuXQjvq0w
— Daily Caller (@DailyCaller) October 18, 2021
There are few things more interesting in the world of sports than buyouts for college football coaches. You can get fired from your job and still get paid more money than most people would make in five lifetimes.
Orgeron is out the door in Baton Rouge once the season is over, and he’s leaving with nearly $17 million. Yeah, something tells me he’s not going to be crying too hard.
A Letter from Ed Orgeron pic.twitter.com/eDzbLgBb5V
— LSU Football (@LSUfootball) October 17, 2021
Don’t spend it all in one place, Coach O!