The LSU Board of Supervisors will vote on a two-year, $4 million extension for football coach Ed Orgeron in its monthly meeting on Wednesday, as well as a new contract for new assistant passing game coordinator Joe Brady.
Following a 10-3, top-10, Fiesta Bowl season in 2018, LSU has decided to tack two more years onto Orgeron’s present contract, which currently runs until 2021. The new deal will bump Orgeron to $4 million per season in salary, moving him from 36th to 24th in terms of head coach deals across the country. It’s the eighth-highest figure in the SEC.
The new deal will raise Orgeron’s buyout to $10 million, but that figure will decrease by $250,000 each month until the end of February 2021, at which time it will drop to a flat $4 million. All in all, that’s not a bad deal — if LSU is looking to fire Orgeron before the end of the 2020 season, chances are it will involve cause and negate any buyout in the first place.
The contract also includes a potential $2 million in incentives.
For Brady, his annual salary will be in the $400,000 range. Safeties coach Bill Busch will also get a $50,000 raise. Contracts for defensive backs coach Corey Raymond, receivers coach Mickey Joseph and defensive line coach Dennis Johnson were not on the listed board agenda, but should be coming down the pipe soon.