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Lane Kiffin

USC Gave Me $500k for My House, But There's a Catch

12/25/2012 4:30 AM PST BY TMZ STAFF
EXCLUSIVE

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What USC giveth ... it can taketh away ... and in the process it could maketh its head football coach homeless.

Coach Lane Kiffin is reportedly raking in more than $2 mil a year. TMZ has learned ... USC wanted Lane so badly, the school gave him a $500,000 loan toward the purchase of an insane $5.5 million mansion in Manhattan Beach. 

Now here's the rub: Under the terms of the loan, if Lane gets fired or quits, USC can demand the $500k back, STAT. And Lane has to pay interest to boot.

USC sucked this year and the buzz is that Lane's gettin' a pink slip soon. So the question -- even though Lane makes a pretty penny, can he ante up a huge chunk of change to stay in his house if he gets the chop at USC?

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Lane certainly has a lot to lose because the house is sick -- 7,300 square feet, 6 bedrooms, 7 baths and a saltwater pool with a spa. It's the perfect place to reflect on how the hell he let UCLA dominate his team and injure his star quarterback this past season.

We reached out to USC, but so far no comment.

For more sports stories, check out tmzsports.com!
36 COMMENTS

No Avatar
1.

pete shallac    

First!!!

480 days ago
2.

Tigolbits    

Are you single, do you need money? GET OF YOUR ASS THEN AND GET A JOB! WITH A JOB, YOU'LL MAKE MONEY AND MAYBE SOME WOMAN MIGHT WANT YOUR OLD, WRINKLED, **** A DOODLE DOO!

480 days ago
3.

Truth    

MEHHH... LOSER! DUDE OWES THE BANK EVEN MORE ONCE HE GETS CANNED. $500K ISNT EVEN 10% DOWN. PROLLY LEAVES ANOTHER 70-80% IN BANK MORTGAGE. WHAT HAPPENS WITH ALL THESE NARCISSISTS ALWAYS THINKING THEY ALL THAT. HE JUST NEEDED TO BUY A CHEAPER HOUSE LIKE $1 MIL. IF SKOOL PULLS THE PLUG HE CAN PAY OFF THE HOUSE IN FULL. TYPICAL DUMB ASS. #TRUTH!!

480 days ago
4.

TNastyFunktown    

I honestly can not believe USC hired this a**hat, especially after his brief stent at Tennessee. He left that school riddled with NCAA infractions. That's your bad, USC.

480 days ago
5.

Mr. X    

Uh....TMZ?

7-5 does NOT equal "sucked this year". (Well, compared to UCLA, BUUUUUUUUUUT....) That's not a bad record. Cripes, I know some football teams would KILL to have a record like that...some of 'em even play in Buffalo!

480 days ago
6.

GatorBait    

Game slippin like lane kiffen. Lil wayne

480 days ago
7.

coolmama1994    

Wow Manhartan Beach ..sooo expensive and he needed to live there why?

480 days ago
8.

Nonsense    

Karma's a bitch

480 days ago
9.

JJ    

THEN YOU WONDER WHY WE'RE BROKE IN AMERICA????
People starving and NO Christmas for a lot of families and to see this makes me wonder where the priorities are?
We have become a Jersey Shore Nation....FOOLS.

480 days ago
10.

Whome?    

How long before a kardashian story?

480 days ago
11.

Becca    

As a Tennessee Vols fan, this news is like a gift from Baby Jesus. Karma is a bitch, Kiffin!

480 days ago
12.

jim messmer    

Probably gets a kick back from the 1.5 Mil he paid his father to screw up the defense. Karma is a b*tch

479 days ago
13.

Sherron    

Meanwhile students struggle to pay college tuition. This kind of waste is why college is not affordable!!

479 days ago
14.

Bill C.    

Why does he have a sal****er pool? What the hell good is a sal****er pool? Is this some left coast new aged BS?

479 days ago
15.

utkgrad101    

Who the hell cares? Kiffin can live on the street for all we care after he left TN. He is a dirty dog and deserves to be treated as such.

479 days ago
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