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Message
A member at our Club is on the Board that hires and fires
Posted on 9/26/10 at 6:45 pm
Posted on 9/26/10 at 6:45 pm
He says it would take 13 mil to buy out Miles and that with the shortages in higher education it would be hard to explain a 13 million dollar overage in the budget. He was hoping Miles would win so that they would not have to buyout Miles.
It sounds like Miles could win 7 or 8 and keep his job. Maybe firing some assistants.
It sounds like Miles could win 7 or 8 and keep his job. Maybe firing some assistants.
11
Posted on 9/26/10 at 6:46 pm to DeafVallyBatnR
Doesn't the TAF pay Miles' contract, or the majority of it anyway?
Posted on 9/26/10 at 6:46 pm to DeafVallyBatnR
Has to be less than that after this season
Posted on 9/26/10 at 6:46 pm to DeafVallyBatnR
Who is miles agent. He is the shite
Posted on 9/26/10 at 6:48 pm to DeafVallyBatnR
quote:
13 mil to buy out Miles and that with the shortages in higher education
Hard to put a positive spin on $13 mil. to buy out the coach after all sorts of cutbacks and layoffs. It is what it is.
Posted on 9/26/10 at 6:48 pm to DeafVallyBatnR
It's hard to believe that a 7 win season would see him keep the job.
Posted on 9/26/10 at 6:49 pm to Methuselah
quote:
It's hard to believe that a 7 win season would see him keep the job.
Won't happen anyway. There is no way we go 3-6 down the stretch.
Posted on 9/26/10 at 6:49 pm to DeafVallyBatnR
does he still have like 5 years left on his contract? 13 million is a pretty steep buyout
Posted on 9/26/10 at 6:51 pm to Hermit Crab
quote:
does he still have like 5 years left on his contract? 13 million is a pretty steep buyout
that is all I heard while I was around about the buy out.
Posted on 9/26/10 at 6:51 pm to LSUtoOmaha
quote:
Won't happen anyway. There is no way we go 3-6 down the stretch.
4-5 is entirely possible though.
This post was edited on 9/26/10 at 6:54 pm
Posted on 9/26/10 at 6:52 pm to Hermit Crab
quote:
does he still have like 5 years left on his contract? 13 million is a pretty steep buyout
He makes 3.8 a year, 13/3.8 = 3.4 so I'm not sure where the OP's source got the number from.
Also, the university only pays $300,000 a year in Miles's salary, rest from TAF and radio/TV money. So LSU itself would not pony up $13 million, probably $1 million at the most.
Posted on 9/26/10 at 6:55 pm to OldManRiver
Miles isn't going anywhere, and that might be a good thing because we retain Chavis. GC has got to go!
Posted on 9/26/10 at 6:56 pm to DanglingFury
quote:
Hard to put a positive spin on $13 mil. to buy out the coach after all sorts of cutbacks and layoffs. It is what it is.
But the 13 million would not be taken away from the school budget. By your reasoning, it should be hard to put a positive spin on paying him a $4 million salary after all the cutbacks and layoffs.
Posted on 9/26/10 at 6:57 pm to DeafVallyBatnR
quote:
A member at our Club
no one cares about your capital "C" club.
Posted on 9/26/10 at 6:57 pm to LSUtoOmaha
quote:
Won't happen anyway. There is no way we go 3-6 down the stretch.
McNeese. ULM. Maybe Ole Miss or Tennessee?
Point out the other sure wins left for us to play.
This post was edited on 9/26/10 at 6:58 pm
Posted on 9/26/10 at 6:57 pm to DeafVallyBatnR
His contract runs through 2012 last I checked. He didn't get it rolled over the past 2 years was my understanding, but for sure it wasn't after 08.
That means after this season his buyout is either $7.502 million or $11.253 million (if it was rolled-over last season). That means your "contact" is full of shite as LSU would not fire Miles before the season is over or at least not let him coach out the season.
That means after this season his buyout is either $7.502 million or $11.253 million (if it was rolled-over last season). That means your "contact" is full of shite as LSU would not fire Miles before the season is over or at least not let him coach out the season.
Posted on 9/26/10 at 7:00 pm to OldManRiver
In 2007 Miles basically signed a 7 year deal. 2 years have past with this being the 3rd. That leaves 4 years on the deal. 3.8x4= $15.2M that is Miles buyout. A year can be rolled over at the digression of AD and several other high profile members in the LSU system. It has not in the past two years. Max buyout is $18M. I honestly feel because of these numbers LSU will NOT fire Miles till at least the end of next season. When the buyout will be $11.4M. Also buyout is paid out over 10 years and if Miles where to find other employment it would be less what he gets paid at that job.(John Brady)
Posted on 9/26/10 at 7:01 pm to LSUMafia
quote:
That means your "contact" is full of shite as LSU would not fire Miles before the season is over or at least not let him coach out the season.
Bang.
Posted on 9/26/10 at 7:04 pm to shutterspeed
I am guessing some Haynesville Shale money would cover his buyout. There are enough people up here that are ready to see him go.
I am not one of em for what it is worth.
I am not one of em for what it is worth.
Posted on 9/26/10 at 7:05 pm to DeafVallyBatnR
People throwing those kind of numbers around are ones not willing or ready to face the facts.
It's easier just to say to the average person, "It can't be done."
It's doable.
Miles could lose Florida, Auburn, and Arkansas, if he somehow wins Alabama, and keep his job with 3 losses.
Other than that, 4 losses will have your Club member singing a new tune.
It's easier just to say to the average person, "It can't be done."
It's doable.
Miles could lose Florida, Auburn, and Arkansas, if he somehow wins Alabama, and keep his job with 3 losses.
Other than that, 4 losses will have your Club member singing a new tune.
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