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re: Issue with Miles contract
Posted on 11/22/09 at 4:06 pm to LSUROCKS52
Posted on 11/22/09 at 4:06 pm to LSUROCKS52
Although I wouldn't shed a tear if it happened, he won't be fired this year. The important thing to remember is that full payouts happen VERY rarely. Also, he would find another job, the pay at the other job is the issue. Lastly, "cause" depends on the trier of fact in the case and if we have another meltdown next year (8 wins or so) certainly a judge could justify that the firing was with cause.
Posted on 11/22/09 at 4:06 pm to LSUROCKS52
quote:
Miles will continue to get a one year extension for every season he goes at least 8-5.
So does this mean LSU must have four consecutive seasons of 7-6 or worse before the contract expires?
Posted on 11/22/09 at 4:09 pm to LSUROCKS52
All I can say is fire him and refuse to pay the buyout. Let him sue LSU. The case would be heard in Baton Rouge. Last nights game should be exhibit A1 for the jury. LSU will be found "just" in the firing and not ordered to pay this clown a penny.
Posted on 11/22/09 at 4:12 pm to Politiceaux
quote:
Lastly, "cause" depends on the trier of fact in the case and if we have another meltdown next year (8 wins or so) certainly a judge could justify that the firing was with cause.
I said something similar, except with a Baton Rouge jury.
Posted on 11/22/09 at 4:17 pm to TGK4LSU
Can LSU demote Miles according to his contract?
That would cause more damage to his career/reputation than anything.
Seems he'd be more likely to resign and take a new job, thus taking LSU off the hook for most of the money.
That would cause more damage to his career/reputation than anything.
Seems he'd be more likely to resign and take a new job, thus taking LSU off the hook for most of the money.
Posted on 11/22/09 at 4:23 pm to LSUROCKS52
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
Posted on 11/22/09 at 4:25 pm to slinger1317
quote:
I don't understand how firing a guy for not winning enough games is considered "without cause." That's what he was hired to do- win ball games- and if he doesn't that is the "cause" for being fired. Coaches hold all the cards when it comes to contracts/buyouts.
LOL.
What exactly do you think the buyout is there for then?
Posted on 11/22/09 at 4:30 pm to slinger1317
quote:Cause we decided 8 was "enough" and would give him an additional year.
I don't understand how firing a guy for not winning enough games is considered "without cause." That's what he was hired to do- win ball games- and if he doesn't that is the "cause" for being fired.
Posted on 11/22/09 at 4:31 pm to lsu xman
I am not sure 8 wins is an automatic extension, but grants the chancellor the ability to extend the contract if he/she so chooses. I am not sure the chancellor has to, but if he does not he needs to get the President of the LSU System to concur. See the excerpt from the contract below.
quote:
3. In exercising the discretion granted in the employment agreement and amendments as to whether to grant a one-year extension, the Chancellor will be guided by the following:
A. Winning eight or more games in a season presumptively will be the basis for a one-year term extension.
B. A decision by the Chancellor not to grant a one-year term extension for any reason must be concurred in by the President of the LSU System.
Posted on 11/22/09 at 4:36 pm to olemiss33
quote:
What's the odds that if you do fire him, he doesn't take another job elsewhere?
Auburn just lost that bet.
So the issue seems to be, can LSU swallow 1.8MIL a year and still pay a top flight coach.
I think, in today's college atmosphere and with LSU's recent success, yes. A major component of the deal could be an incentives package with a lower base pay. That way, LSU only pays out big if something huge is accomplished--in which case, LSU would be reaping large enough financial/exposure rewards to justify the hefty payments.
Posted on 11/22/09 at 5:16 pm to Genghis Khan
Correct me if you have heard from some one with in Lsu if this is incorrect. Most of the $3.75M in Miles contract comes from Media and many different things in the contract that make up the $3.75M. Lsu as a institution only really pays Miles $300K a year. Making his buyout $1.2M. Like tubes last year who got $1m when he was fired. Use this link and look up Miles and you will see what I am talking about LINK
Posted on 11/22/09 at 5:32 pm to randyb
quote:
I am not sure 8 wins is an automatic extension, but grants the chancellor the ability to extend the contract if he/she so chooses. I am not sure the chancellor has to, but if he does not he needs to get the President of the LSU System to concur. See the excerpt from the contract below.
This.
It just says that the grounds for giving a one year extension will be winning 8 games. But it makes it seem like the chancellor doesn't have to grant the one-year extension as long as the system president concurs.
Posted on 11/22/09 at 5:40 pm to Powerman
Not knowing how much time is on the clock is cause...
Posted on 11/22/09 at 5:42 pm to Politiceaux
quote:
judge could justify that the firing was with cause.
Hold court in Baton Rouge, and it should not be a probelm...
Posted on 11/22/09 at 6:04 pm to EST
You folks have to remember who hired this clown that OSU was glad to get rid of.
"skippy" was the AD at the time when Saban left, olde "skippy" hated the salary LSU was paying Nick and wanted to lower the cost for the next coach!
"skippy's salary limit was declined by others with much more talent. "les smiles" was a cheap date for "skippy".
This choice for a "big time" coach produced what I warned everyone about the minute he was hired.
I am 67 years old seen and attended many games in the Big 8 now big 12 and spent 40 years being a
tiger fan.
I can tell you I have never seen such lack of leadership on the field and the sidelines of any
college team anywhere in my life!
"skippy" was the AD at the time when Saban left, olde "skippy" hated the salary LSU was paying Nick and wanted to lower the cost for the next coach!
"skippy's salary limit was declined by others with much more talent. "les smiles" was a cheap date for "skippy".
This choice for a "big time" coach produced what I warned everyone about the minute he was hired.
I am 67 years old seen and attended many games in the Big 8 now big 12 and spent 40 years being a
tiger fan.
I can tell you I have never seen such lack of leadership on the field and the sidelines of any
college team anywhere in my life!
Posted on 11/22/09 at 6:13 pm to 225tiger63
I like Miles; however, if he is destined to be fired after next year then we should let him go now. He would probably have a better chance of being hired by UM after a year off than taken from us after a poor 2010 season.
I still think there is a good chance for a SECCG run next year and finishing the year 10-3.
I still think there is a good chance for a SECCG run next year and finishing the year 10-3.
Posted on 11/22/09 at 6:15 pm to lsutiger2486
If Michigan hires him they will pay him the most out of any other school.
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