- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Miles to USC...offsetting $15 million buyout?
Posted on 11/24/15 at 6:17 am
Posted on 11/24/15 at 6:17 am
Will one of you confirm the stipulation regarding Miles contract buyout (from LSU) and his next 'income' if hired. In other words I believe the contract stipulates that LSU has to maintain his current annual total compensation less income from a new full time position (e.g. head coach at USC). I may be wrong. If correct then genius or extremely lucky for Alleva and the buffoons that are the media can eat crow.
Miles to USC?
Miles to USC?
9
Posted on 11/24/15 at 6:27 am to M-Train
Usually it's doesn't matter if they get another job. I can remember several coaches with a job and still getting paid. Think Charlie Weiss was getting 2-3 checks from old employers at same time for not coaching
Posted on 11/24/15 at 6:29 am to M-Train
Miles isn't going to to usc
Posted on 11/24/15 at 6:31 am to tygeray
quote:I don't think that's necessarily true.
Usually it's doesn't matter if they get another job.
Posted on 11/24/15 at 6:37 am to M-Train
quote:
the contract stipulates that LSU has to maintain his current annual total compensation less income from a new full time position (e.g. head coach at USC).
What if Les signs to coach USC for $1 a year. Then LSU is paying him $5 million to coach somewhere else.
Please tell me LSU did not sign a contract like this!
Posted on 11/24/15 at 6:38 am to RealityTiger
It's like alimony. Your paid this as long as you aren't working. If you find a job, we only pay the difference. This was the case with Butch Davis when Saban left
Posted on 11/24/15 at 6:41 am to LSU-MNCBABY
USC doesn't want Miles, so it's a moot point. The best scenario for Miles to coach another team is a mid-major like a MAC team or a school like indiana that's a basketball school, and would love to have a 2-3 loss football team every year. That's how they define success.
Those schools wouldn't pay more than 1-2 million per year, but certainly it would offset the salary we owe him. And the above poster is wrong, the clause DOES state that any new salary is offsetting to what he is owed by LSU . Not saying any of those schools have a coaching position open. Just giving examples.
Those schools wouldn't pay more than 1-2 million per year, but certainly it would offset the salary we owe him. And the above poster is wrong, the clause DOES state that any new salary is offsetting to what he is owed by LSU . Not saying any of those schools have a coaching position open. Just giving examples.
Posted on 11/24/15 at 6:46 am to M-Train
No major college wants miles. The free market will soon confirm what most of us has known for years. The only people foaming at the mouth for miles are a few deranged td posters who got no coin.
Posted on 11/24/15 at 6:48 am to M-Train
They want him to go coach Rec ball in southern cal.
Posted on 11/24/15 at 6:59 am to RealityTiger
Mikes could accept a buyout of contract, so it wouldn't matter if he had another job. Pretty sure he gets paid if he gets another job otherwise the buyout wouldn't even be an issue. He will get a good (not great) job in big 12/10 IMO. Peeps who think he will only coach in the MAC or like that are way off.
Posted on 11/24/15 at 7:10 am to tygeray
quote:It depends on the buyout language in the contract.
Usually it's doesn't matter if they get another job. I can remember several coaches with a job and still getting paid. Think Charlie Weiss was getting 2-3 checks from old employers at same time for not coaching
When Auburn got rid of Chizik, his buyout stated he was owed X per year for the next so many years. When he took the job at UNC, the payments from Auburn dropped to X-UNC compensation. CGC is still making the same amount of money from his buyout, but part is coming from AU and part from UNC.
Muschamp, on the other hand, had a buyout with UF where he was paid the entire amount, no matter what his future compensation was. So he is getting the full amount of his UF buyout plus whatever Auburn is paying him.
Posted on 11/24/15 at 7:21 am to ATL-TIGER-732
quote:
What if Les signs to coach USC for $1 a year. Then LSU is paying him $5 million to coach somewhere else.
The deal is probably void if you pull something like that. But miles could still safely take a two or three million dollar salary and have LSU supplement the rest. Might make him pretty attractive to some other school.
Also, lol that someone things he's an list candidate for the USC job and y'all want him fires from LSU.
Posted on 11/24/15 at 7:22 am to M-Train
Posted on 11/24/15 at 7:45 am to ATL-TIGER-732
quote:
Please tell me we didn't sign that kind of contract
We did.
Posted on 11/24/15 at 7:46 am to M-Train
USCPosted on 11/24/15 at 7:48 am to tygeray
If miles if fired, he gets the remainder of his contract. If he is bought out, he is free and clear. If he leaves LSU for another coaching job, LSU doesn't owe him anything.
Posted on 11/24/15 at 7:48 am to DamnStrong1860
quote:
The deal is probably void if you pull something like that.
You base this statement on what?
Posted on 11/24/15 at 7:51 am to LSU-MNCBABY
quote:
Miles isn't going to to usc
Thread
Posted on 11/24/15 at 7:54 am to M-Train
USCe would make some sense, he could compete in the East and his supposed serious recruiting skills and inroads to Louisiana and other areas in the SEC could be golden for USCe. Pay him a couple of hundred thousand a year and we pick up the rest of our 4 million+, and USCe gives him a deferred retirement bonus to pick up the real salary to which he would have been entitled.
Posted on 11/24/15 at 7:54 am to M-Train
I don't see this happening, but Miles would definitely bring some much needed class and respect to their program.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News