re: Miles Contract

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I'm telling you the Pennington Family will buy out his contract if the LSU administration moves forward with getting rid of Miles if and when it ever takes place.

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I did hear that LSU had the funds from several big donors last year to buy him out, but Gov. Jindal didn't think that would be prudent given the perception this would send given the state of the economy and prevented his firing. Considering who informed me of this, I believe it to be true.

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I did hear that LSU had the funds from several big donors last year to buy him out, but Gov. Jindal didn't think that would be prudent given the perception this would send given the state of the economy and prevented his firing. Considering who informed me of this, I believe it to be true.

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I'm going to personally certify this as bullshite because his contract is only a small portion of State Funds, which is not anyway close to 15MM. LSU may be on the hook for about 1MM but the rest is foundation. Also, Jindal has no input into that decision. If anybody would have a say it's the Athletic Dept/LSU board of regents and the Commissioner of Administration/Director of OCR

That's why I keep wanting Rich Rod to lose...but we might as well face the fact- we are stuck with Miles for another 2 years, win or lose...
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no way can LSU afford to buy out this ridiculous contract. Now about 3 years ago with a good economy, i could see it. No one is gonna shell out that kind of money, unless the team quits on it (ala Dinardo). 8-4 he stays, all there is to it...

The key term is "terminate without cause"....that is legalese that makes it up to the Admins when to fire his arse and it will up to the courts (in Louisiana) if cause is an 8 win season....

There isn't going to be a buyout if he gets fired for lack of performance...hell, a good lawyer could use the DJ McCarthy incident last year as "cause" and his lack of control over his coaching staff....

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Buy out is 14 mil

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Nope, it is the amount of money he is due in the remaining portion of his contract.

If as some suspect he has two years left on his contract after this season then Miles' buyout would be in the neighborhood of $8Mil.

LSU also has five years to pay it.

That said, buyouts are rarely paid in full for a variety of reasons. They are negotiated.

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Including this year, yes. After this year it will be two.

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I know Crowton will have two years left on his contract but is it guaranteed? The entire amount?

LSU athletic dept does not have the money to buy out Miles' contract and therefore will not. So I know he is not what this program needs but we therant nation do not get to make that call so we all have to fricking deal with it. Hopefully our talent will just outshine the shitty coaching.

if LSU paid the full buyout at around $8 million, they could pay it out over 5 years. it's possible both sides would agree to a lower amount too. they have 5 years to pay out $8 which comes to $1.6 per year. offer a coach $2.2 per year and pay miles his $1.6 and you are paying no more than what miles is being paid now. also, from what i have been told les can't sit around for 5 years and not look for another job. once he finds another job LSU has to pay the difference in what he makes and what he is owed so the yearly amount would drop. money isn't the issue (or so i've been told).

We're stuck with him until 2012 - period. Get use to it.

Spend more time with the kids; take an extra vacation; read that book you've meaning to read.

See you for the 2013 season....

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I wasn't happy when he won the NC and we threw some big contract at him....knew it was a mistake. Too bad he isn't trashing Michigans program right now.

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Yeah, you just knew that the coach that won the NC was destined for his current state. Give me a break. If you didn't think that winning the NC warranted a contract extension (we've won a grand total of 3 in sixty years so give me a fricking break) then you were always wanting the guy to fail.

Simple fact of the matter is that he did win a NC in 2007, whether you liked it or not. And when you win a NC, you get a contract extension and you get paid well. Needless to say, he's done jack shite since but we made a decision based on the best info at the time, and at the time, the guy had just won the NC and rolled OSU in the process.