Good question. I'm not too sure if Woodward is close to Brad Davis (both are from Baton Rouge). Davis, however, definitely deserves to be let go...the offensive line he assembled is one of the worst that I've seen.
Maybe LSU is holding out on his duty to mitigate (i.e., get another job)? He's only 64 y/o. His payout is for approximately 6 years. He can easily get another job (UCLA, Penn State, Stanford, perhaps BC if it comes available, media). Now, will he want to...? I think this last go around crushed him and his ego.