Lane Kiffin May Owe $500K for Home Loan | BlackSportsOnline

Lane Kiffin May Have to Pay Back USC $500K Used to Buy Mansion

by Natasha Paul | Posted on Sunday, September 29th, 2013
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Lane Kiffin’s Sunday is completely snowballing in the worst way. First, he was fired from his lucrative head coaching position at USC in the early hours of the morning. Then, he was not allowed to ride the team bus when they team returned to California. Now TMZ is reporting that Kiffin may end up being jobless and homeless.

When USC was recruiting Kiffin for the coaching position, they wanted him so badly that they were willing to do anything. Anything consisted of them giving him a $500k loan towards the purchase of his $5.5 million home in Manhattan Beach. Of course there was a catch, and it was that if Kiffin was ever fired or quit, he would be required to immediately give USC back the money along with interest.

Kiffin reportedly makes well over $2 million a year at USC, but that doesn’t necessarily mean he has $500k liquid cash sitting around waiting for USC to come knocking at the door. Kiffin has not commented on whether or not he can make good on this stipulation, but it will be interesting to see how this unfolds.

About the Author

FSU alum and sports enthusiast. If a window closes, go to the next window or break the door down. Twitter & IG: SportsTalkTash

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  1. nba is fixed says:

    The USC billionaires helped fund a brand new $70 million dollar athletic building and the team loses the majority of their games. Ticket sales at the Coliseum are down and local recruits are choosing to go to rival schools. Athletic Director Pat Haden was forced to fire Kiffin per orders of the billionaire boosters.

  2. nba is fixed says:

    The USC football program is in shambles, the Los Angeles Lackers are atrocious and the Dodgers will do what they do best; choke in the playoffs! Oh I forgot, no NFL team either. Right now it’s tough for sports fans who live in Los Angeles.

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