re: According to Guilbeau, buy out is half of what is believed?

I can't recreate GG's math but let's face it - if he could do math or read a contract he wouldn't be a small time local sportswriter.

My math is the same as yours as to a firing in 2016. $12.9 million minus the $4.3 he's paid this year is $8.6 million. It's also payable monthly over twice the number of remaining years. Here that's 6 years so it's 72 total payments. LSU never has to come up with one big payment if they go by the letter of the contract.

You hit on the absolute key issue, though:

quote:

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This gives the university an incentive to fire him sooner so that he can get a job and reduce the buyout further.

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Everyone forgets this part. The buyout reduces below the $8.6 million by any amount Miles earns after termination, and has to use best efforts to find work. If he takes the Purdue job next season for $1.8 million year, you can take $5.4 million off of the buyout and still pay it out over 72 installments. That best efforts clause also means LSU can probably just assume he could make at least $1 million a year minimum as a mid major coach/talking head, i.e. jobs he could get if he used best efforts, even if he did nothing. So the max actual buyout is probably something just under $6 million.

My guess if he gets canned is that rather than LSU waiting for Miles to get a coaching gig, and for Miles to not get a monthly check from LSU like a pensioner, they'll just settle for a lump sum of $4 mil to $5 mil, payable 30 days from the day they shake hands.