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Started By
Message
re: Miles unethical negotiation at LSU
Posted on 11/16/18 at 1:31 pm to JKChesterton
Posted on 11/16/18 at 1:31 pm to JKChesterton
basically for Les if he is going to make x amount of money either way he would rather Kansas pay more of it than abuse his buyout.
I inagine He is not going to get enough to completely offset the buyout.
I inagine He is not going to get enough to completely offset the buyout.
1
Posted on 11/16/18 at 1:33 pm to Rabid Tiger
quote:
Sounds to me like Les saved LSU 5 million.
They did. They also spent $1.5MM more than they needed to.
Congrats Les!!!
Posted on 11/16/18 at 1:33 pm to kew48
This is why common core has no place in this country!!!
Posted on 11/16/18 at 1:33 pm to Steve Janowski
quote:
No he didn't........he helped LSU. He could have taken the Kansas job for less pay and still be on LSU's books. Look at what Charlie Strong did to Texas. He took USF for like around 600k-800k and Texas is still paying the buyout!
I gotta say, I agree with Strong on that.
I'm glad Les did what he did, but Strong isn't wrong for doing it his way either.
Posted on 11/16/18 at 1:34 pm to kew48
Are you sure that you have all of the facts? Is it possible there are things about the negotiations that you do not know? If so, could those facts change your entire view of what happened?
No to the first and yes to the others? OK, then...
No to the first and yes to the others? OK, then...
Posted on 11/16/18 at 1:35 pm to SammyTiger
Correct. Some posters here are just clueless. Don't understand differential costs analysis. LSU is better off, saves $5 million and Les now can negotiate a better contract without schools using what LSU owes him to lowball what they were willing to pay. This is called contract negotiation where both sides come out better off.
Posted on 11/16/18 at 1:35 pm to JKChesterton
quote:
LSU is better off, saves $5 million and Les now can negotiate a better contract without schools using what LSU owes him to lowball what they were willing to pay. This is called contract negotiation where both sides come out better off.
/thread
Posted on 11/16/18 at 1:36 pm to kew48
As with most things LSU sports related of late, shouldn't your ire here be directed to Alleva?
Posted on 11/16/18 at 1:37 pm to MisslePig
quote:Let me guess....you're a liberal arts major??
Les got an extra $1.5mm and there's no way around it.
LSU, from a risk analysis, decided the $1.5mm was a safer path. They were wrong.
Posted on 11/16/18 at 1:38 pm to burdman
quote:
Don't understand differential costs analysis. LSU is better off, saves $5 million
All true...if you ignore the fact LSU didn't need to pay Les Miles $1.5MM...
Now am I 100% sure on that? No. But the current Kansas coach makes $1.7MM and It's not a far stretch to see Les Miles making $6.5mm over the original buyout period.
We'll find out soon enough and my money is on LSU NOT needing to have paid the $1.5mm.
Congrats coach, take it all the way to the bank!
Posted on 11/16/18 at 1:38 pm to MisslePig
quote:
Let me guess....you're a liberal arts major??
Prove to me LSU needed to settle with Les Miles.
Posted on 11/16/18 at 1:40 pm to MisslePig
quote:
All true...if you ignore the fact LSU didn't need to pay Les Miles $1.5MM...
1) You can't possibly know that. What if he decided to take a lowball offer from Kansas and allow the LSU buyout money to make up the difference?
2) If LSU didn't "need" to pay him, why are you mad at Les? Did he put a gun to Alleva's head?
This post was edited on 11/16/18 at 1:44 pm
Posted on 11/16/18 at 1:41 pm to kew48
quote:
If Miles gets the Kansas job which is being reported as likely, What he did to LSU in his negotiations is highly unethical. If he knew he had the Kansas job locked, he just knowingly screwed LSU out of another $1.5 Mil.
Oh my God. This is asinine. But what does it say about LSU if that is the case?Posted on 11/16/18 at 1:42 pm to kew48
This is how business is done in LA
Posted on 11/16/18 at 1:42 pm to MisslePig
quote:That word does not apply in this circumstance.
needed
Posted on 11/16/18 at 1:44 pm to MisslePig
quote:
Prove to me LSU needed to settle with Les Miles.
I bet you he signed a release and agreed to a non-disparagement provision, among other items.
I find these threads funny, because they basically involve people openly admitting that they no nothing about business.
This post was edited on 11/16/18 at 1:45 pm
Posted on 11/16/18 at 1:44 pm to kew48
Posted on 11/16/18 at 1:44 pm to kew48
No, he saved us 5.
You people act as if contracts are just suggestions
You people act as if contracts are just suggestions
Posted on 11/16/18 at 1:45 pm to kew48
we got off easy
With the way Alleva negotiates, it's a wonder we didn't lose Delpit to Kansas as part of the deal.
With the way Alleva negotiates, it's a wonder we didn't lose Delpit to Kansas as part of the deal.
Posted on 11/16/18 at 1:46 pm to LSURussian
quote:
quote:Les got an extra $1.5mm and there's no way around it. LSU, from a risk analysis, decided the $1.5mm was a safer path. They were wrong.Let me guess....you're a liberal arts major??
LSURussian:
I don't know who posted what you quoted but what is it that some people don't understand about contracts. LSU owed (legally) Les $6.5 Million. Les could have sat on the couch, done his podcasts with Smacker(his daughter), who is a really good sports journalist, and collected said $6.5 million. From the point of LSU if Les does not ever intend to get another job (which he could have), LSU is contractually liable for that $6.5 million. In that context, it becomes similar to a sunk cost.
If Les decides he wants to work at another job, then it becomes an opportunity cost, you can not settle and Les take a job for 4 years and see what he gets offered and takes from another school. If he got a $2 million a year job for 4 years for 8 million and the other school only agrees to pay $1.5 million of it, then LSU would owe the full $6.5 million difference. If the other school agrees to only pay $3 million of the $8 million, LSU owes $5 million.
This way LSU pays $1.5 million, which frees up $5 million that was a budgeted expense that you owed. LSU is $5 million of profit (less expense, more income) than they were yesterday. How damn hard is this to understand?
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