BATON ROUGE, LA – LSU Athletic Director Scott Woodward has reportedly filed a federal student loan application to help cover Brian Kelly’s $50+ million buyout, arguing that the failed coaching experiment qualifies as “an expensive lesson.”
According to sources, Woodward listed his field of study as Sports Mismanagement with a Minor in Terrible Contracts. His FAFSA form reportedly included Kelly’s salary under “educational expenses,” next to “tutoring in bad decision-making.”
University officials say the loan was initially denied due to “insufficient academic progress,” but Woodward appealed, citing “lifelong learning through catastrophic contracts.” He has since been offered an income-based repayment plan which requires putting up Jay Johnson and Kim Mulkey as collateral.
Woodward defended the decision in a statement written to The Sadvocate saying, “We’re treating this as a teachable moment. If college students can go into debt for a psychology degree, I should be able to for this.”
Kelly praised the move, calling it “a very smart decision,” which experts agree automatically makes it the opposite.
