Summary
LSU hired Will Wade back as head coach for its basketball program and plans to spend a lot of money on both its football and basketball programs. The university aims to invest approximately $242 million, which includes costs related to previous coaches and building current teams. This strategy comes after concerns about past financial decisions in coaching contracts.
Key Facts
- LSU rehired Will Wade as head coach for the basketball team.
- LSU agreed to a seven-year, $30 million contract with Wade.
- LSU plans to spend about $242 million on its football and basketball programs.
- This amount includes a $4 million buyout to NC State for Wade.
- The budget also covers buyouts for former football coach Brian Kelly ($54 million) and basketball coach Matt McMahon ($8 million).
- Louisiana's Governor expressed concerns about past poor contract decisions with coaches.
- Wade was previously let go due to alleged recruiting rule violations.
