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re: Les Miles' contract - why the buyout would cost Zero or close to it.

Posted on 12/10/15 at 1:35 pm to
Posted by moneyg
Member since Jun 2006
56939 posts
Posted on 12/10/15 at 1:35 pm to
quote:

* Summary - if Miles finds a new job and earns an average of only $1.4 MILL per year, LSU would never have to pay a nickel of buyout money. Oh, and if he is fired from another school and is owed a buyout from them, LSU's obligation is offset by that amount as well.



Did Mack Brown find another job?
Posted by The Mick
Member since Oct 2010
43359 posts
Posted on 12/10/15 at 1:59 pm to
Did Mack Brown find another job?


Posted by SBC
Member since Oct 2005
6870 posts
Posted on 12/10/15 at 1:59 pm to
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
31198 posts
Posted on 12/10/15 at 2:11 pm to
quote:

I am guessing that Miles was not planning to coach again and LSU knew that.


Exactly what I was going to post.

As to the "goodwill effort", simply demanding a salary comparable to his LSU salary would probably get him eliminated shortly after the interview process, if not before.

Anyone who has ever negotiated contracts or even bid on jobs they didn't want knows that you can use economics to get a "favorable" decline of services.
Posted by moneyg
Member since Jun 2006
56939 posts
Posted on 12/10/15 at 2:14 pm to
The pretty clear point I'm making is that you've made no real point.
Posted by RANDY44
Member since Aug 2005
9572 posts
Posted on 12/10/15 at 2:20 pm to
quote:

if this is true it just goes to show how incompetent morons are running this place.

This is not news. Even if a payoff was made in full, none of the money would have come from state coffers. Not sure why everyone keeps beating that dead horse. The LSU people changed their minds when the vast majority of people they heard from were in favor of keeping Coach Miles; that coupled with their fear of possibly squandering millions of dollars, regardless of where the funds came from.
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