Overview
- Sportico obtained Kiffin’s Nov. 29 term sheet, which includes a provision reimbursing up to $500,000 if he sells his Oxford, Mississippi, primary residence at a loss.
- The document states a $2.89 million purchase price for the home, a figure that would anchor any loss calculation under the clause.
- The home’s seller, Hollis Wayne Butler Jr., told Sportico the sale was about $1.65 million, consistent with Redfin’s listing, though Mississippi’s nondisclosure rules prevent public confirmation of the exact price.
- Zillow estimates the current market value near $2.4 million, and county records show Kiffin financed the 2021 purchase with a Morgan Stanley Private Bank loan.
- LSU and Kiffin’s agent Jimmy Sexton did not respond to inquiries, and the clause’s optics are drawing scrutiny given LSU’s broader $91 million, seven-year deal and prior questions over contract oversight.