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re: Les get $125,000 per month
Posted on 9/29/16 at 3:35 pm to KC Tiger
Posted on 9/29/16 at 3:35 pm to KC Tiger
quote:
I don't think that's how it works. Many standard contracts contain a covenant that terminates a buyout if a new contract is more than the buyout amount (i.e. If Les signs a contract with Penn State for 1M a year LSU would own him 500,000/year for the life of the buyout. If Les signs a contract with Penn State for 2M/year LSU would owe him nothing).
Your correct I had it wrong. It is a bargaining chip for Miles. He can take "Les" money from a new school and let LSU subsidize his new gig. IF its a smaller school or an FCS program.
1
Posted on 9/29/16 at 3:52 pm to lsufan1971
quote:
Your correct I had it wrong. It is a bargaining chip for Miles. He can take "Les" money from a new school and let LSU subsidize his new gig. IF its a smaller school or an FCS program.
I'll bet he gets a gig in a power 5 conference and will be paid more then 1.5MM per year. The man is not as bad of a couch as we like to think he is. There are tons of schools that would pay for 9-3 season every year. It would be even better if he ends up in a shitty conference with less real competition.
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