LSU athletic director Scott Woodward, who has made a name for himself by hiring high-profile coaches, received a four-year contract extension that will pay him $1.85 million per year.
LSU's board of supervisors voted to approve the extension Friday afternoon.
Woodward's new contract runs through April 30, 2029, and includes academic incentives that could boost his pay by as much as $250,000 per year. Should he meet certain benchmarks, he could earn $500,000 in bonuses in fiscal year 2025 and 2029.
Also included in the contract is a "milestone performance payment" of $500,000 should any varsity sport team win a national championship or three teams win SEC championships.
Woodward returned to his hometown and alma mater in 2019 after stints as athletic director at Texas A&M (2016 to 2019) and Washington (2007 to 2016). He helped make former Florida State coach Jimbo Fisher an Aggie in December 2017, signing him to an unprecedented fully guaranteed contract of 10 years and $75 million.
In October, Woodward fired football coach Ed Orgeron, who had led the Tigers to a national championship during the 2019 season but struggled to .500 seasons in 2020 and 2021.
Woodward made yet another splashy move when he replaced Orgeron with Notre Dame's Brian Kelly, the winningest active coach in college football and a three-time Coach of the Year winner. Woodward signed Kelly to a 10-year, $95 million contract in December.
LSU football has experienced ups and downs during the first part of Kelly's inaugural season, losing the season opener to Florida State in New Orleans before bouncing back to win four straight games.