re: Miles turned down more money?

No. If you would have read the article you would have realized that they are redoing his contract. The new contract will have a clause that if he is fired he will be paid a flat buy-out rate of $3-5 million instead of his annual salary times the years he has left remaining on contract.

So CLM is not only taking less money now but he is also agreeing to take less money if he is fired later down the road.