Ed Orgeron's contract with LSU includes more than $1.5 million in possible incentive bonuses — nearly double former coach Les Miles' package — and a $12 million buyout this year.
Orgeron will make $3.5 million per year as part of a five-year contract, details The Advocate reported on the day he was named permanent coach. The school confirmed those numbers in documents released Thursday. The coach's contract is expected to be approved by the LSU Board of Supervisors next Friday.
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Miles, fired Sept. 25, made $4.3 million per year, and the school owes him a buyout of more than $9 million — paid in monthly installments over six years. The program saved $800,000 with Orgeron's salary, funds the school used on coordinators Dave Aranda and Matt Canada. The duo is set to make a combined $3.3 million this year, believed to be more than any other coordinator duo in college football.
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Orgeron's contract is loaded with an incentive package that, if achieved, could total $1.575 million. Miles' incentive package was $850,000.
Dave Aranda isn’t the only assistant on new coach Ed Orgeron’s staff making the big bucks.
Incentive bonuses are in most head coaches' contracts. Coaches attain the bonuses for their team's academic and on-field achievements. Orgeron also gets two courtesy vehicles.
Orgeron's two-way buyout with the program is $12 million this year and drops every subsequent year of the contract. It slips to $8.5 million in 2018, $6 million in 2019, $4.5 million in 2020 and just $1 million for the final year.
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