Lane Kiffin -- USC Gave Me $500k for My House ... But There's a Catch
Lane KiffinUSC Gave Me $500k for My House, But There's a Catch
12/25/2012 4:30 AM PT
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?
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.