UofL to Pay Kenny Payne $7.25M Over Next 3 Years Under Buyout Terms

Former Louisville basketball coach Kenny Payne will receive a $7.25 million buyout over the next three years following his termination last month.

The settlement, obtained through an open records request, includes monthly payments of $201,388 until March 31, 2027.

Louisville will be paying Payne $2.5 million annually, along with current coach Pat Kelsey’s $2.3 million salary.

The agreement also covers health insurance for Payne until June 30, 2025, and includes non-disparagement and cooperation clauses.

Louisville will continue to pay former coach Chris Mack until January 2025, totaling $526,387 per month for basketball coaches.

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