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Started By
Message
Les get $125,000 per month
Posted on 9/29/16 at 12:57 pm
Posted on 9/29/16 at 12:57 pm
for the next six years
18
Posted on 9/29/16 at 12:58 pm to toothfxr92
Except for when he takes another job.
Posted on 9/29/16 at 12:58 pm to toothfxr92
He can wipe away his tears with Franklins, yall!
Poor Les.
Poor Les.
Posted on 9/29/16 at 12:58 pm to toothfxr92
Pat Summitt had a better severance package. She, and now her son, gets $173K for life.
Posted on 9/29/16 at 12:59 pm to Solo Cam
Then he will still make that money, we just won't be paying it
Posted on 9/29/16 at 1:00 pm to Solo Cam
quote:
Except for when he takes another job.
I would imagine the only way he takes another job is if it pays more than his LSU stipend. Considering his coaching ability I find that doubtful as FCS schools dont have it in their budget.
This post was edited on 9/29/16 at 1:01 pm
Posted on 9/29/16 at 1:03 pm to toothfxr92
Damn, that sucks. The man has a family to feed.
Posted on 9/29/16 at 1:06 pm to Jim Rockford
quote:
Pat Summitt had a better severance package. She, and now her son, gets $173K for life
That was her retirement package, she wasn't fired.
Posted on 9/29/16 at 1:06 pm to nola000
How does it work if he gets a new job? he would have to get paid more or equal to what he was making here for LSU to be off the hook?
Posted on 9/29/16 at 1:06 pm to toothfxr92
Whoever gave him that last extension should be canned as well.
Posted on 9/29/16 at 1:07 pm to toothfxr92
Might be able to afford a Canes Box or two for his family. Good to hear 
Posted on 9/29/16 at 1:08 pm to toothfxr92
quote:
Les get $125,000 per month
And folks pity the old fart for being fired
Posted on 9/29/16 at 1:09 pm to Jim Rockford
quote:
Pat Summitt had a better severance package. She, and now her son, gets $173K for life.
Well, she literally gave her life for the University. What they agreed to pay her for life is a mother fricking pittance of what she did for the University and the lives she touched.
Poor analogy
Posted on 9/29/16 at 1:10 pm to toothfxr92
Break that down to the 40hr work week and thats $781.25 an hour.
This post was edited on 9/29/16 at 1:12 pm
Posted on 9/29/16 at 1:11 pm to Topwater Trout
Les is guaranteed to make his contracted amount even if he doesn't work
So if he takes a job, they pay him and LSU pays the difference (if any) to get that amount.
It's not the "if he takes a job he loses the LSU money" that some seem to think it is.
So if he takes a job, they pay him and LSU pays the difference (if any) to get that amount.
It's not the "if he takes a job he loses the LSU money" that some seem to think it is.
Posted on 9/29/16 at 1:11 pm to Topwater Trout
quote:
How does it work if he gets a new job? he would have to get paid more or equal to what he was making here for LSU to be off the hook?
In most contracts, the buyout is reduced by the amount of the new salary. IDK for sure, but I imagine it works that way for Miles.
Posted on 9/29/16 at 1:14 pm to Topwater Trout
quote:
How does it work if he gets a new job? he would have to get paid more or equal to what he was making here for LSU to be off the hook
Usually the way the buyout contract works is that if Les gets another job paying X over his buyot number amount then LSU can reduce the payments to Les by that amount.
Les gets 1.5 Million per year from LSY.
IF LEs gets a job paying over 1.5 million a year the LSU can reduce its amount to les by the overage amount. One thing that is going to make LES atttactive to another school is they can say hey will pay you 1.495 million a year. Les still brings home 3 million a year. Kinda like in the NFL with a CAP hit when a team trades a player.
Posted on 9/29/16 at 1:15 pm to toothfxr92
Good for him
Posted on 9/29/16 at 1:15 pm to toothfxr92
Worth every penny to have him away from the program.
Posted on 9/29/16 at 1:16 pm to toothfxr92
That's more than Tom Herman made at UH as of last year.
At 1.5 million a year, there are a lot of teams that would get us off the hook on the buyout if Miles was hired.
At 1.5 million a year, there are a lot of teams that would get us off the hook on the buyout if Miles was hired.
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