quote:
1) Miles will be owed the remaining terms of his contract if he is fired without cause. That's $3.75M/year for 4 years (2010-2014 since he got an extension as of the 8th win this season against LaTech). That means his buyout will be ~$15M

2) The buyout can be paid out over twice the time he's under contract. That means it can be split over 8 years at $1.875M/year unless he gets another job in which we have to pay the difference in his salary to bring him to $3.75M.
3) Miles will continue to get a one year extension for every season he goes at least 8-5. Given our general cupcake OOC, he basically needs to go 5-4 in the SEC and bowl games to get another $3.75M reset on his buyout. Next season we have two rent-a-wins OOC and two average OOC in WVU and UNC.

4) We'd have to think we'd have to replace at least half the staff so that's more money for buying out fired coaches.

The question then becomes is LSU set up to get 8 wins a year without problem. If so, then when Miles would be fired, money-wise, becomes irrelevant since he'll keep getting an extension (which actually may slightly bump up his salary).

In the end, LSU has to think how far they are willing to allow LSU to drop before making a change. We would at best save $3.75 Million if Miles were to go 7-6 or worse next season. Otherwise, we'll be in the same cycle every year.

This will be a tough decision, and while I feel Miles is a decent coach, this isn't a rash decision to make given his winning record and national/SEC titles. LSU better also have someone they know will be a sure-fire success in hand before pulling such a trigger, because its going to be tough to sell LSU to other coaches.

Billo123

I have no dog in this hunt, but let's look at this part objectively. What's the odds that if you do fire him, he doesn't take another job elsewhere? In the end, it becomes the same money, since LSU has to only pay the difference in salary.

So let's assume he is hired by, say, Baylor. They obviously have to pay him something, although it could be very low with the current status of his contract.

My point is it is virtually impossible for you to have to pay that buyout in full. More than likely, you have to foot about 60% of it. So, if you deduct 40% of the 15 million, you get 9 mil over 8 years. So tell me why you can't pay a new coach 2.5mil, and eat 1.1 for Les. Aren't you still spending similar money?

This post was edited on 11/22/09 at 4:24 pm