re: LSU & Les Miles settle remainder of his buyout

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If so, he just suckered LSU and in particular Aleva into paying him an extra 1.5 Mill

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Huh?

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

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Because any money Les makes in another job, head coaching job, acting, sports desk, etc. that new salary will be offset by what LSU owes him per year. Les makes $133,000 per month or just under $1.6M per year, and they owe him a bit over 4 years (4.1 Years Left) until 2023 for a total of $6.5M


Why take $1.5M now instead of all $6.5 until early 2023?

Its simple, he will make much more if he takes a job paying a nice salary, and this settlement basically puts a lump sum of $1.5M in his pocket from LSU. And for this to happen makes me think he is close to getting another head coaching job. If Les did not want to coach anymore and be a lazy ole boy, then he would keep riding this buyout and it's remaining $6.5M balance.


To answer your question- How he makes much more by taking the $1.5M now?


Let's use Kansas, Colorado or Louisville as teams that could hire Les soon. Those teams are not top tier but mid level to low, but Les has the pedigree to get top dollar even at low football school like Kansas. If he signs a deal paying him $2.5M salary per year for anything over 3 years LSU owes him $0, so take the $1.5M now and sign a $2.5M x 4 year contract = $10M + $1.5M = $11.5M > $6.5M

If I were GoodOleLess , i would hold out for every cent. How about over/under 2 years at Kansas ? How much a year will the fool make ? He might come out ahead staying the course & milking LSU rather than having to keep a job on his own merits. After having the lush recruiting grounds here in La. propping him up for years, let's see how he recruits in Kansas , where's there's a 5 star recruit every year or so.

Prediction: Les/Kansas deal is 5yrs, $20million total.. fully guaranteed

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I am uncertain of the specific of how the salary offset is calculated. I suspect if you look at the details it will work out about the same or in LSU's favor.

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Les Miles is taking the Kansas job. If LSU did not settle there's a good chance they would owe him zero.

From a risk assessment, you're rolling the dice on $5mm so I see why they did it but from someone who just got back from Vegas...fck it I would of rolled the dice.