Issue with Miles contract

I was asked to post this by a friend who wanted people to understand how it's set up.


For those interested in seeing LSU's issue with Miles' contract, the following things should be pointed out.

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

LINK


ETA thanks to khan for the clarification.