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re: Do we have any details of the contract yet?
Posted on 1/11/11 at 9:23 pm to moneyg
Posted on 1/11/11 at 9:23 pm to moneyg
quote:
Not if it doesn't roll over.
What is important is where the buyout is 3 years from now.
1) according to BelowPar, the buyout in 3 years is still $15 million. It doesn't even start dropping until after year 3.
2) I believe it's been mentioned, but the state limits the lengths of contracts to I believe 7 years, so he can't get it extended/rolled over if it is already at 7 years to begin with.
1
Posted on 1/11/11 at 9:31 pm to LSUMafia
quote:
1) according to BelowPar, the buyout in 3 years is still $15 million. It doesn't even start dropping until after year 3.
If BP is correct about that, I'd be a little bit disappointed.
This is almost a homerun contract for LSU. If the buyout decreased immediately, then LSU would have effectively solved the problem of the buyout because Miles isn't going anywhere for 3 years minimum.
If it takes 2 years for the buyout to decrease then that means he needs to make it 5 years for LSU to really benefit. That's not as good, but it's better than sitting in a perpetual rollover contract with no end in sight.
Supposedly, the details of the changes are going to be made public tomorrow.
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