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Posted on 9/18/17 at 8:17 pm to tconle2
We have to pay out his remaining contract if we terminate him (CEO). If we fired him on Dec 1, 2017, we'd owe him $12 mil paid over 5 years. On Dec 1, 2018, we'd owe him $8.25 mil paid over 5 years. On Dec 1, 2019, we'd owe him $4.5 mil paid over 5 years.
Assuming CEO does not break the law or his contract, there is no way he will be terminated by LSU before December, 2019. LSUAD does not want to be paying off BOTH Les Miles and CEO for very long. It was dumber than dumb to include such a ridiculous payoff for CEO considering no bigtime program in America wanted or wants him as HC.
Assuming CEO does not break the law or his contract, there is no way he will be terminated by LSU before December, 2019. LSUAD does not want to be paying off BOTH Les Miles and CEO for very long. It was dumber than dumb to include such a ridiculous payoff for CEO considering no bigtime program in America wanted or wants him as HC.
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