re: Footballscoop says Joe “burned away $1.5M” with Les payment

Maybe Les passes on the Kansas job without the LSU $1.5 buyout. He always had the $6.5 in his pocket to not coach.

I think That’s the case

Joe seemed butt hurt and said “no incentive to move forward” with the buyout

Les was saying he wasn’t going to take the job unless he got a settlement. Joe took a sure $5 million over a possible $6.5 million. Was Miles bluffing? Who knows. What would you have done? Taken the 5 or gambled for 6.5 and risked zero? I think Joe did right this time.

Charlie Hanagriff on the radio on Friday presented the buyout $ differently than what I thought or what most are saying. His example was the remaining $6.5mil was offset money in the case Les got a new job and was to be paid by LSU. His example was, if Les got Kansas job at $2mil per year, LSU would be on the hook for the $1.5 so KU would only have to pay the difference of the contract after the offset which would be $500k in his example.
In this case, it was beneficial to both parties b/c LSU gets to reduce the amount paid to Les by $5mil, and Les comes out ahead b/c he still gets his full amount from new job, plus the 1.5 from LSU.

Did Hanagriff just have this completely backwards?
I thought (and keep reading) any $ made by a new job would reduce what LSU owes him by that amount.

Link to radio show. Talks about it right at beginning.
LINK

From LSU perspective the thought of just cutting all ties with Les with no more payouts was the end game for LSU.
It took two years but at least LSU is done