Biography & Early Wealth Journey

Kiffin congratulated his former team on X. He's no doubt excited to see the team he coached doing well. A win for Ole Miss is also a win for him financially, since his contract includes performance bonuses. Reaching the playoff came with a $150,000 bonus. Winning the first-round game bumps that payment up to $250,000. And because this whole coaching saga has been so bizarre, it's Kiffin's new team that's on the hook for the payment.

Justin Ford/Getty Images

That means LSU will owe Kiffin the $250,000 bonus. And depending on how far the Rebels advance in the playoffs, Kiffin could earn up to $1 million. If the Rebels upset Georgia in the Sugar Bowl on New Year's Day, Kiffin will earn another $250,000 for a total of $500,000. Georgia defeated Ole Miss 43-35 on Oct. 18, giving the Rebels their only loss of the year to this point. Kiffin was on the sidelines for that one, and he'll be keeping a close eye on the rematch.

Primary Income Streams & Multi-Million Contracts

Should Ole Miss defeat Georgia to reach the semifinals and then defeat its next opponent—either the Miami Hurricanes or the Ohio State Buckeyes—Kiffin will earn another $250,000. And if the Rebels win the national championship for the first time since 1962, Kiffin will collect $1 million from LSU. That's a lot of math, so here's a handy list of Kiffin's potential earnings:

  • College Football Playoff appearance: $150,000
  • CFP Quarterfinal appearance: $250,000
  • CFP Semifinal appearance: $500,000
  • National Championship Game appearance: $750,000
  • National Championship: $1 million

With the first-round victory, Ole Miss has set a program record for most wins in a season with 12 victories. Kiffin is hoping the team can go a little bit deeper in the playoff.

Meanwhile, LSU is already investing heavily in its new coach. What's another few hundred thousand to a million dollars?

Trending Wealth Dossiers: