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Started By
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How much more money does LSU owe Les?
Posted on 9/9/18 at 6:44 pm
Posted on 9/9/18 at 6:44 pm
(no message)
7
Posted on 9/9/18 at 6:44 pm to Jenar Boy
A little more than alleva allotted to O
Posted on 9/9/18 at 6:44 pm to Jenar Boy
The rest of LSU's bank account and then some
Posted on 9/9/18 at 8:24 pm to Jenar Boy
$130k/mo through 2022.
Posted on 9/9/18 at 8:29 pm to Jenar Boy
His buyout was $9.6m to be paid in monthly installments over six years. We're almost two years into it, so that would mean somewhere around $6.4m left to pay on it for four more years. What I don't know is whether the balance is reduced by the amount he has made from other sources, such as commercials, tv appearances, etc.
Posted on 9/9/18 at 8:33 pm to TigerScribe
The guy was an econ major. My bet is on him getting every penny of that buyout. I’m sure he’s doing just enough to be considered looking for another coaching job.
Posted on 9/9/18 at 8:34 pm to Jenar Boy
360 bi monthly till the end of 2021
Posted on 9/9/18 at 8:36 pm to Lickitty Split
A booster will probably need to step up and order to cover the tab in a lump sum payment to get us out from under it. I doubt anyone with that kind of coin is real anxious to let Alleva off the hook. When Alleva is fired, it won't surprise me if Les is paid off within 6 months
Posted on 9/9/18 at 8:37 pm to TigerScribe
quote:
What I don't know is whether the balance is reduced by the amount he has made from other sources, such as commercials, tv appearances, etc.
I'm pretty sure it's only coaching income that counts against it.
Posted on 9/9/18 at 8:42 pm to Jenar Boy
three fiddy.
Posted on 9/9/18 at 8:42 pm to Jester
quote:
A booster will probably need to step up and order to cover the tab in a lump sum payment to get us out f
You do realize that is what happens to afford the new coaching staff? The university is on the hook for the contracts, the booster steps up to give them more money to buy new ones or to buy out the old contract and they have money already allocated for a new one.
Posted on 9/9/18 at 8:44 pm to Jester
I would happily contribute to a go fund me type of account if assurances were made that Alleva and O would be shown the door.
Posted on 9/9/18 at 8:46 pm to TigerScribe
quote:Dr. Pepper and Dos Equis should pay off 100% of what remains...……..
What I don't know is whether the balance is reduced by the amount he has made from other sources, such as commercials, tv appearances, etc.
Posted on 9/9/18 at 8:48 pm to Lickitty Split
Maybe if the O thing blows up, we can rehire Les 
Posted on 9/9/18 at 8:49 pm to Jenar Boy
les is set, he knows this. no reason for him to coach again at his age
Joe Alleva is a fricking idiot
Joe Alleva is a fricking idiot
Posted on 9/9/18 at 8:49 pm to semjase
quote:
Dr. Pepper and Dos Equis should pay off 100% of what remains...……..
Why?
Posted on 9/9/18 at 8:51 pm to LSUGrad9295
quote:
Maybe if the O thing blows up, we can rehire Les
OR....maybe we will have a competent AD, and we can conduct a real coaching search and hire the best candidate available.
Posted on 9/9/18 at 8:53 pm to JPLSU1981
quote:
How much more money does LSU owe Les?
$130k/mo through 2022.
That just sucks. These buy outs that the agents keep college teams scared with are a killer. How could LSU not be on the look out for up and coming talent and just raising the anny with Les?
Posted on 9/9/18 at 9:31 pm to Jester
Incorrect. Any income reduces the buyout, assuming it is still being paid in monthly installments. There’s nothing that would have stopped the parties from agreeing to a lump sum that’s less than the sum of the montly payments (like lottery winners), in order to avoid either side having to fight about how much each month has to get reduced from other income.
ETA: autocorrect sucks
ETA: autocorrect sucks
This post was edited on 9/9/18 at 9:32 pm
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