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re: LSU & Les Miles settle remainder of his buyout

Posted on 11/15/18 at 3:03 pm to
Posted by BR Tiger
Baton Rouge
Member since Mar 2004
4157 posts
Posted on 11/15/18 at 3:03 pm to
quote:

i dont understand why he would rather have 1.5 mil now instead of 6.5 mil by 2023


If he takes it now, he negotiates a new contract from scratch. If for example, Kansas wants to pay him 1.5 million for 4 years for a total of 6 million, their contract would have reduced the amount LSU owed by an equal amount. This way, he gets the 1.5 from LSU plus whattever he can get from Kansas.
This post was edited on 11/15/18 at 3:04 pm
Posted by Mac
Forked Island, USA
Member since Nov 2007
14659 posts
Posted on 11/15/18 at 3:15 pm to
quote:

If for example, Kansas wants to pay him 1.5 million for 4 years for a total of 6 million, their contract would have reduced the amount LSU owed by an equal amount. This way, he gets the 1.5 from LSU plus whattever he can get from Kansas.


Alleva the negotiator strikes again.
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