I know he's not getting fired but thought some of these details may be of interest. http://i.usatoday.net/sports/graphics/2009/coaches-contracts/pdf/miles_lsu.pdf
Wow thats a different story. It looks a little different when broken down by years. It may be in the best interest of the program to bite that bullet each year and get rid of him. It's affordable when looked at like this.
Especially when you consider whatever his new job pays him is deducted from what we owe. So say he takes a mid level job at 1 mill a year. Only costs us 800k a year for 8 years. We could find a much better coach for 800k less than MIles is making, and its all a wash money wise.
"Miles will be owed the remaining terms of his contract if he is fired without cause" Some may argue that we may have "just cause"
Hypothetically speaking, of course, say LSU fires Les Miles, and School X picks him up for a job. School X has to know about said contract that LSU has with Les Miles. If these are indeed the terms, and USA Today knows them, School X certainly knows. And Les Miles is fired, of course, so presumably he has at least a little animosity to LSU, and him and his agent are very well aware of the contract. Is there anything stopping School X from paying him like 5 bucks a year, thereby basically letting LSU pick up the tab for his salary? As someone unwise in the ways of coaching contracts, it seems dangerous to assume we would only be paying a part of his buyout.
Yes the contract says reasonable employment. Which means they will have to pay him at least what the last cooach made, and he will not be able to go from LSU to Lee High and still get the full payout.
Well.......you learn a lot when you actually read the article BEFORE posting, instead of AFTER posting. My bad. The amendment on page 4 does indeed seem to me to indicate that he has to avoid said gimmicks - good faith duty to obtain and be compensated for similar employment. But also of interest was that the memo on page 7 speaks of the extension as an OPTIONAL thing, not an automatic thing, to be at the Chancellor's discretion. In fact later on is a memo from an earlier year talking about a previous extension. The 8 win thing is specifically called a guideline - although the LSU system president has to agree with the Chancellor to not extend the contract under said circumstances. But in general it looks like LSU doesn't HAVE to extend the contract this year if they don't want to, regardless of rent-a-wins or whatnot.
Here's my plan: :hihi: 1) Hire a new coach after the bowl game. Allow Miles to introduce our new coach to recruits, etc. Allow him to leave this program in the best possible condition. This reflects well on LSU and on Miles chances to coach at another elite program (he would be a great fit for Miami, as an example). 2) A one season ticket price raise of $20. This will net us ~$12.8M and enough to pay off the bulk of his contract. 3) Get rid of these ridiculous contracts with the new coach. Let him know that he will be paid according to his successes and that failure won't be tolerated. Give him a base salary of $2M a year, give him $3M for a national championship.. $2M for a 1 loss season. $1.5M for a 2 loss season. $750k for a 3 loss season and so on.
