What is Jimbos buy out and who pays that?

$5 M now and $1 M in 2016 ....just add it to LSUs Total

Why would anyone have to pay it? What makes you think he's coming here?

We L$U

Posted this about Les' and Jimbo's buyouts last night:

A) It wouldn't be $15 MM for Les, it would be $11 MM.
B) It could be even lower than that if Les finds another gig, as his contract dictates he does.
C) It would be paid out over 8 years, so it's not like the TAF would be out all of that at once.
D) Jimbo's current buyout is $5 MM if he terminates on or before 12/31/2016.
E) Jimbo (TAF) would have 60-days to pay FSU after termination of contract.

Those are the facts.

Les is gone, so we know TAF (individual boosters) will be ponying up $11 MM not matter who is hired. I would hope that they set aside a large amount now in a "Les Miles Retirement Fund" account, let that earn interest, and pay him from that until he is made whole.

So, really, the only large amount of upfront money would be the buyout of $5 MM for Jimbo. Now, lets look at some other names that have been thrown-out there, and what their buyouts would be.

Justin Fuente - $500k
Tom Herman - $2.25 MM
Dan Mullen - $1.4 MM

So, taking cheapest of those three, Fuente, do you risk the short-term $4.5 MM savings and go with a young coach, or do you go with the more "sure" hire in Jimbo, and bank that you will make that $5 MM relatively quickly?

Herman has done great things in Houston, but I'm pretty sure that most everyone would take Jimbo and give the points in that deal. Those that have thrown Mullen out were smoking crack, and if you're not got going to grab Herman at 2.25, then I don't think you're gonna go after Mullen at 1.4.

Therefore, in the grand scheme of things, to get Jimbo will cost $5 MM upfront.

We were kinda hoping you would.



Personal check is fine.