According to The Advocate citing information gathered from the agenda for an upcoming board meeting, Orgeron is set to officially receive a two-year extension with a $4 million contract.
The new deal would extend Orgeron through the 2023 season and increase his buyout price tag to $10 million this year, with a reduction in buyout cost of $250,000 each month until it drops to $4 million in 2021.
According to a database of coaching salaries compiled by USA Today last year, Orgeron was paid $3.5 million by LSU, which ranked him 36th among coaches active last season and 10th among SEC coaches