Lane Kiffin may owe USC $500,000 for house loan

Photo: Matt Kartozian-USA TODAY Sports

Photo: Matt Kartozian-USA TODAY Sports

There is yet another wrinkle in the Lane Kiffin saga. Not only was the coach fired hours after the Trojans gave up 62 points in a loss to Arizona State, but athletic director Pat Haden canned him in the airport parking lot. Even worse, Haden then refused to give Kiffin a ride back to campus.

Now it has come out that, whereas most fired coaches are paid severance packages, the Kiffster may be on the hook for a whopping $500,000.

TMZ first reported that USC loaned Kiffin the money for his $5.5 million Manhattan Beach, CA home. However, the loan was conditional. Should Kiffin leave or be fired before his five-year, $20 million contract expired, he would pay the loan back, immediately with interest.

There’s no word on if the school is actually going to make Kiffin pay it back right away, if at all. Given the acrimonious ending to his tenure, it’s highly probably that Kiffin will be expected to honor the loan agreement.

What’s more, USC can technically foreclose on the mansion and kick Kiffin to the curb, literally. Talk about a fall from grace: penthouse to outhouse in less than a week. Yeesh.

Who knows how this all will play out. If the first 72 hours are any indication, this story has a few more twists left in it.

[H/T: Larry Brown Sports]