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re: I just want to confirm the story of why LSU did not pull the trigger last year.

Posted on 9/27/16 at 2:50 pm to
Posted by GeorgeWest
Baton Rouge
Member since Nov 2013
13134 posts
Posted on 9/27/16 at 2:50 pm to
JBE had ZERO to do with what happened last November. He had not even been elected governor when most of this fiasco was going on. It was Jindal and his minions on the BOS and in the state legislature that put all the pressure on Alexander.
Posted by jimmy the leg
Member since Aug 2007
34358 posts
Posted on 9/27/16 at 3:22 pm to
quote:

JBE had ZERO to do with what happened last November. He had not even been elected governor when most of this fiasco was going on. It was Jindal and his minions on the BOS and in the state legislature that put all the pressure on Alexander.


I am not a JBE fan and certainly didn't vote for him, but blaming him for Jindal's arrogance is, in the very least, uninformed. Bobby thought it would look bad for his presidential campaign. This was about short term poltical optics...nothing more. Yes, Jindal and Les we're buddies, but if it would have gotten Jindal in the Whitehouse, Bobby would have personally fired him.
Posted by atltiger6487
Member since May 2011
18156 posts
Posted on 9/27/16 at 3:35 pm to
but the buyout was private money so no impact on the budget. I think it was the optics of the situation, so purely political BS.
Posted by TigerDeBaiter
Member since Dec 2010
10268 posts
Posted on 9/27/16 at 3:44 pm to
quote:

Summer through the fall of 2015: F. King Alexander is in a tough LSU funding fight with the state who is having its own fiscal issues.

Les Miles gets on the coaching hot seat after the 3 loss debacles to Alabama, Arkansas and Ole Miss.

Joe Alleva and TAF boosters make a push to fire miles. The most substantial rumor is that Jimbo was ready to make the move from FSU to LSU after the 2015 season.

Les Miles gets an emotional response from the team and fans at the aTm game that many thought would be Les's last game.


^^^Speculation, , though likely true.

quote:

Given the fact that F. King and Bobby Jindal were under a lot of pressure through the year due to budget constraints Jindal stepped into the coaching situation and put pressure on F. King to nix the deal. The assumption is that F. King and Jindal were worried about the perception of spending money to buy out Les and hire a new coach while the university is struggling with budget issues. Even though the funds for education come from a totally different bucket than the athletic department, Jindal and F. King were still worried about the negative perception of their fiduciary responsibilities.


^^^Fact

Buyout of Les Miles’ contract to cost $9M-plus over six years


quote:

When now-former LSU football coach Les Miles’ job was on the line last year, financial concerns over the hefty cost of buying out his contract were among the reasons that university President F. King Alexander ultimately nixed efforts to fire Miles.

Though no public university dollars go toward the coaches’ salaries or buying out their contracts, Alexander said at the time that perception would be a problem.

“After the type of budget battle we went through this past spring … we don’t need to go into the next legislative session with a black eye that we’re throwing tens of millions of dollars around on issues that aren’t associated with academic progress,” Alexander said in early December. “The public at large really doesn’t differentiate where the money comes from.”

It’s not as though LSU’s financial picture with respect to the state has changed dramatically since then. With the popular TOPS tuition program only 40% funded for the upcoming spring semester, the university still faces significant financial challenges.

Those concerns again factored into Sunday’s decision to terminate Miles’ contract, Alexander says. This time around, however, other concerns weighed more heavily in the overall equation.

“Money is always a factor for consideration and there were a number of financial considerations taken into account this time,” Alexander said this morning in a written statement. “But we have to do what’s best for LSU with our decisions, and at this time, a coaching change was what’s best for the program and our students.”

University officials declined to elaborate on the financial issues related to the buyout of Miles’ contract today at a 12:30 p.m. press conference with new interim coach Ed Orgeron. But Jason Droddy, LSU’s executive director for external affairs, confirms the cost of buying out Miles’ three-year contract alone will be $12.9 million minus some $3 million that Miles has already been paid this year. That amount—somewhere north of $9 million—will be paid out over six years, which is double the length of the contract.

It is unclear whether the buyout provision will terminate if Miles is hired again, though it likely will. Many standard contracts contain a covenant that terminates a buyout if a new contract more than the buyout amount is signed. Miles said this afternoon on a talk radio show he plans to coach again.

Droddy did not have information on the cost of buying out the contracts of two assistants also fired with Miles: offensive coordinator Cam Cameron and Dean Dingman, assistant director of football operations.

Droddy also could not say whether funds for the buyout will come from the Tiger Athletic Foundation, the Athletic Department, a fund established by a group of well-heeled donors or some combination, though TAF is the most likely option. He stressed, however, as did Alexander, that no public dollars or student fees would be used.


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