The “college football is in crisis!” crowd is punching air this morning.

LSU has signed new coach Lane Kiffin to a seven-year, $91 million contract. And his $13 million annual pay is just the base rate.

Based on the full term sheet, obtained by Wilson Alexander of the New Orleans Advocate , Kiffin is guaranteed to become the highest-paid coach in college football, if he wins a national championship. (Georgia’s Kirby Smart is currently the college football cash king, at $13.8 million.) Also, LSU will pay the playoff bonuses he would have earned at Mississippi, based on how Ole Miss performs in the College Football Playoff.

If fired without cause, Kiffin gets 80 percent of the unpaid balance — without any offsets based on subsequent employment.

Coupled with the $54 million buyout

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