The Advocate/Brook Kubena
Ed Orgeron’s two-year contract extension and raise to $4 million per year was approved during a committee meeting Wednesday morning by the LSU Board of Supervisors.
The contract was unanimously approved by the board’s athletic committee, and the board is expected to fully approve the contracts this afternoon.
“I think he’s represented the university extremely well,” LSU athletic director Joe Alleva said while presenting the proposal to the board.
Orgeron received a two-year, $4 million extension, which makes him the 24th highest paid coach nationally, tied with Virginia Tech head coach Justin Fuente, and it would rank eighth in the SEC.
He is two seasons into his current contract, which is set to expire on Dec. 31, 2021, in which he is making $3.5 million per year — a figure that ranked 36th nationally among FBS head coaches, according to USA Today, and 10th among head coaches in the Southeastern Conference.
is contract includes nearly $2 million in incentives, and it would bump his buyout to $10 million in the first year. The buyout would decrease by $250,000 each month until it decreased to a flat $4 million on Feb. 28, 2021.
Orgeron’s buyout is currently about $5.5 million, and it will decrease gradually to $4.5 million in 2020.
