- 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
USA Today article about Miles' contract
Posted on 11/26/15 at 2:31 pm
Posted on 11/26/15 at 2:31 pm
LINK /
10
Posted on 11/26/15 at 2:44 pm to DoesLSUevenQBbro
Nice. So, we'll only really owe him around $11MM.
Posted on 11/26/15 at 2:47 pm to DoesLSUevenQBbro
Interesting article. To sum up, since the OP failed to do so:
1) LSU will owe Miles $11M, not $15M, as the buyout amount is reduced by how much he has received this year.
2) The payments will be spread about over the course of 8 years.
3) Miles must make a "good faith effort" to find suitable employment over the life of the payout.
I read that as saying the buyout could be as little as $2M, if Miles does nothing whatsoever professionally next year, and finds a job the following. If he never seeks employment, I suppose that LSU could invoke that clause to not pay him the buyout.
1) LSU will owe Miles $11M, not $15M, as the buyout amount is reduced by how much he has received this year.
2) The payments will be spread about over the course of 8 years.
3) Miles must make a "good faith effort" to find suitable employment over the life of the payout.
I read that as saying the buyout could be as little as $2M, if Miles does nothing whatsoever professionally next year, and finds a job the following. If he never seeks employment, I suppose that LSU could invoke that clause to not pay him the buyout.
Posted on 11/26/15 at 2:48 pm to Smalls
So COULD be $11 over 8 years or $1,375,000 per year IF he seeks new "related" job then we reduce the new salary from the $1,375,000? If he gets another coaching job, we may pay nothing? Sweet.
He gone.
Did George Bass get "outlawyered" by a bunch of Coonass lawyers? Love it.
He gone.
Did George Bass get "outlawyered" by a bunch of Coonass lawyers? Love it.
This post was edited on 11/26/15 at 2:50 pm
Posted on 11/26/15 at 2:49 pm to DoesLSUevenQBbro
So what happens if Les does not seek out employment? Can we stop paying him? 
This post was edited on 11/26/15 at 3:04 pm
Posted on 11/26/15 at 2:50 pm to BlueDogTiger
quote:
since the OP failed to do so
Ate too much turkey and stuffing...laziness has taken over
Posted on 11/26/15 at 2:55 pm to DoesLSUevenQBbro
Looks like a bunch of lawyers are going to laugh all the way to the bank.
Posted on 11/26/15 at 3:01 pm to DoesLSUevenQBbro
After all the blunders he has had at LSU, he wont get a job anywhere close to the pay grade he has now.
Posted on 11/26/15 at 3:28 pm to cj2002
Yes. Nobody on earth would pay money for a 2-time SEC champ with a national title and 110 wins in 11 yrs.
That would just be silly.
The only people on earth that think Miles is a bad coach are LSU fans.
That would just be silly.
The only people on earth that think Miles is a bad coach are LSU fans.
Posted on 11/26/15 at 3:32 pm to DoesLSUevenQBbro
He's 62. If he elected to choose retirement, then he gets nothing from the remaining years on his contract?
Or put another way, he doesn't get a penny from the $15 mil?
Or put another way, he doesn't get a penny from the $15 mil?
Posted on 11/26/15 at 4:11 pm to DrEdgeLSU
I don't think he is or was a bad coach. But has the game gotten away from him absolutely! Wish him well
Posted on 11/26/15 at 4:28 pm to WPBTiger
quote:
So what happens if Les does not seek out employment? Can we stop paying him?
Considering his age and how he might just want to retire, there would most likely be a compromise. I doubt that LSU would just not pay him. Probably reduce the payment big time. He would still get paid, but no where near as much as the 11 million
Posted on 11/26/15 at 4:40 pm to DoesLSUevenQBbro
quote:
... has the good faith duty and obligation to seek to obtain similar or related employment,” and that LSU’s financial obligation to him “shall be reduced … to the extent of any compensation (Miles) earns, receives or is entitled to receive from any third party” after his termination date.
The article also says the contract says nothing about how much he has to make at any job he takes.
Heck, he could take a job somewhere and enter into a contract making minimum wage. That'll help reduce the buyout fine.
I wonder if he could do something like coach Pop Warner or Jr. High football for a few thousand a year?
Or whether he could apply to be head coach at Bama this year, New England next year, Ohio State the following year, etc.?
Posted on 11/26/15 at 4:42 pm to DrEdgeLSU
False
Posted on 11/26/15 at 4:43 pm to DrEdgeLSU
The last two years Miles has not been a good coach. As of late he has been a really bad coach.
Posted on 11/26/15 at 4:45 pm to DrEdgeLSU
quote:
The only people on earth that think Miles is a bad coach are LSU fans.
Don't get out much, do you?
Posted on 11/26/15 at 4:46 pm to DoesLSUevenQBbro
quote:does it say Jimbo is coming?
USA Today article about Miles' contract
Posted on 11/26/15 at 4:49 pm to Tiger Phil
But, but, but... Alleva is horrible and tied LSU up in a horrible contract!!!
Posted on 11/26/15 at 4:51 pm to cj2002
quote:
After all the blunders he has had at LSU, he wont get a job anywhere close to the pay grade he has now.
Well according to some here, Arkansas offered Miles $5.25 mil a year to coach there. He then turned around and took a deal from LSU for less money.
You know, because Miles played LSU for more money. Had nothing to do with him going 13-1.
Posted on 11/26/15 at 4:53 pm to Brazos
quote:
The last two years Miles has not been a good coach. As of late he has been a really bad coach.
You don't know what a really bad coach looks like because LSU hasn't had one in 20 years.
And If Les is a really bad coach, then there are very few good coaches out there. So the chances of LSU landing a good coach is slim to none.
This post was edited on 11/26/15 at 4:55 pm
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News