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Tim Brando and Miles' Buyout

Posted on 10/8/10 at 1:41 pm
Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 10/8/10 at 1:41 pm
On the Timmy B Show today, there was a good bit of talk about Les Miles of course. Brando, in response to a pro-LSU caller, said that Miles' buyout is over $13 million.

Does anyone really know the real amount of the buyout should things really turn south in the remainder of the season?
Posted by mikeymike
BR
Member since Dec 2004
2618 posts
Posted on 10/8/10 at 1:43 pm to
If his buyout is anywhere near that amount, he will not be fired. With the economy ,LSU cutting education, etc, i think it would be a PR nightmare.
This post was edited on 10/8/10 at 1:44 pm
Posted by wadebrfd
USA
Member since Dec 2007
184 posts
Posted on 10/8/10 at 1:44 pm to
Then I blame Obama for us having to keep Les.
Posted by SouthernMan
Charlotte
Member since Nov 2008
1380 posts
Posted on 10/8/10 at 1:44 pm to
quote:

Does anyone really know the real amount of the buyout should things really turn south in the remainder of the season?


It's his annual salary x the four years left on his contract.

A WHOOPING $15M so all you haters can just SHUT IT!!
Posted by dutchtowntiger100
dutchtown
Member since Aug 2009
2872 posts
Posted on 10/8/10 at 1:44 pm to
That is within the range everytime I've seen it brought up and no the buyout will not happen this year, not coming off another bowl appearance.

Crowton will likely be allowed to move on like he did with other coaches.

It will take a losing year to start the buy out talk in a serious fashion.
Posted by knoxious
NOLA
Member since Oct 2009
258 posts
Posted on 10/8/10 at 1:45 pm to
The buyout would come from TAF which is seperate from university money for education.
Posted by Elleshoe
Wade’s World
Member since Jun 2004
143616 posts
Posted on 10/8/10 at 1:46 pm to
quote:



It's his annual salary x the four years left on his contract.


HE DOES NOT HAVE 4 YEARS LEFT. GET IT THROUGH YOUR frickING HEADS.
Posted by McLovinII
Member since Feb 2010
1811 posts
Posted on 10/8/10 at 1:46 pm to
quote:

Then I blame Obama for us having to keep Les.


Good, they will both be gone in 2012
Posted by Tommy Patel
Member since Apr 2006
7558 posts
Posted on 10/8/10 at 1:46 pm to
quote:

With the economy ,LSU cutting education, etc, it would be a PR nightmare.


I'm surprised this is not brought up more by the local radio personalities....not even mike from Plaquemine has mentioned this and he's the Otters source.
Posted by GUFF
Member since Sep 2010
106 posts
Posted on 10/8/10 at 1:46 pm to
quote:

Then I blame Obama for us having to keep Les.


word
Posted by BoogahEatah
Live on Stage
Member since Jan 2004
4145 posts
Posted on 10/8/10 at 1:47 pm to
quote:

x the four years left on his contract


Or number of losses per year as long as he's here...just depends on how u look at it.

Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 10/8/10 at 1:47 pm to
If this is true, two things jump off the page at me:

(1) Whomever re-upped his contract should be fired and sued for bad faith and breach of fiduciary duty; and
(2) Miles is not going anywhere, under any circumstances until after the 2012 season, period.
Posted by Elleshoe
Wade’s World
Member since Jun 2004
143616 posts
Posted on 10/8/10 at 1:49 pm to
quote:

(1) Whomever re-upped his contract should be fired and sued for bad faith and breach of fiduciary duty; and
(2) Miles is not going anywhere, under any circumstances until after the 2012 season, period.


his contract was extended through 2012 before the Ohio State game. it was not rolled over after 2008 or 2009 so the end date on it is still 2012.
Posted by SOCAL TIGER
SOCAL
Member since Jan 2005
10722 posts
Posted on 10/8/10 at 1:50 pm to
quote:

The buyout would come from TAF which is seperate from university money for education.


and TAF is tapped out from stadium improvements, weight room, practice facility, New Alex Box, football operations office and now the new basketball practice facility....
Posted by SouthernMan
Charlotte
Member since Nov 2008
1380 posts
Posted on 10/8/10 at 1:53 pm to
quote:

it was not rolled over after 2008 or 2009 so the end date on it is still 2012


I think it is through 2014
Posted by salford227
Denham Springs, LA
Member since Dec 2005
1160 posts
Posted on 10/8/10 at 1:53 pm to
Ed Danielson said yesterday that the contract expires in December 2012, but someone on here said last night that O Keefe reupped it before he left so the contract is good until 2014. I am not sure which is true.

I will give miles this, he has turned around the special teams and defense through the hiring of good coaches. Now he needs to can crowton, hire a great OC and back up and let the guys coach.

QB development is what is lacking. The O line will get better each year, we are loaded at RB and WR. I believe a Great QB coach could make a good QB out of J Lee.
Posted by Elleshoe
Wade’s World
Member since Jun 2004
143616 posts
Posted on 10/8/10 at 1:54 pm to
LINK

he hasn't been rolled over either of the past two years by the board/chancellor/president
Posted by SouthernMan
Charlotte
Member since Nov 2008
1380 posts
Posted on 10/8/10 at 1:56 pm to
quote:

he hasn't been rolled over either of the past two years by the board/chancellor/president


or

quote:

NEW ORLEANS - A buyout of head coach Les Miles' contract will be quite costly.

A source said today that Miles' contract extends through 2014. The source said Miles' deal was extended thru 2014 in a letter from then chancellor Sean O'Keefe to Miles.

Miles earns $3.751 million per season.

Posted by Elleshoe
Wade’s World
Member since Jun 2004
143616 posts
Posted on 10/8/10 at 1:58 pm to
quote:

quote:
NEW ORLEANS - A buyout of head coach Les Miles' contract will be quite costly.

A source said today that Miles' contract extends through 2014. The source said Miles' deal was extended thru 2014 in a letter from then chancellor Sean O'Keefe to Miles.

Miles earns $3.751 million per season.





o'keefe was out in January 2008. I doubt they signed a new contract through 2012 and then just decided to extend it an addition 2 years a month later. Don't pay attention to Daniels. He's a hack and doesn't even name his source because it's probably Jai Eugene and Tiger Todd
Posted by That LSU Guy
The beach
Member since Jul 2008
11427 posts
Posted on 10/8/10 at 1:59 pm to
quote:

(1) Whomever re-upped his contract should be fired and sued for bad faith and breach of fiduciary duty;
G'Luck with that...
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