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LSU Rehires Will Wade, Dismisses Matt McMahon in Rapid Basketball Shake-Up

The move signals LSU’s leadership is betting on bigger budgets to pair with NIL muscle to fast-track a rebuild.

Overview

  • LSU said Thursday it was welcoming Will Wade back as head coach after firing Matt McMahon, ending a very public courtship that unfolded before the job officially opened.
  • Wade departs NC State after one season, and USA TODAY reports LSU and NC State agreed to a $4 million buyout settlement, though his contract listed a $5 million fee before April 1.
  • LSU hired former McNeese State athletic director Heath Schroyer to oversee men’s basketball, reuniting the trio that worked together at McNeese and helping clear the path for Wade’s return.
  • Reports say Wade’s deal is expected to exceed $4 million per year over seven years, with LSU preparing more than $10 million in roster and NIL resources, underscoring an escalating spending race.
  • The change sets off roster uncertainty as the transfer portal opens next week, leaves NC State launching a coaching search, and prompted Wade to joke he is “trying to follow more rules this time” after prior NCAA sanctions.