re: Miles unethical negotiation at LSU

quote:

---

LSURussian

---

So basically you can't prove that LSU needed to pay Les Miles 1.5mm?

quote:

---

MisslePig

---

Stop. Get some help.

quote:

---

You can't possibly know that.

---

I'll give you that. It's a theory.

When Les' contract is announced it's going to be WELL over 6.5mm through the initial buyout period.

I'll stick with LSU did not need to pay Les Miles $1.5mm.

quote:

---

We can only prove that LSU "needed" to pay Les Miles $6.5mm.

---

Fair enough. I'm placing my entire theory on Les Miles 100% taking a job. Which he is.

quote:

---

Prove to me LSU needed to settle with Les Miles.

---

Okay, Kansas tells Les "We're going to offer you $500,000/year for 4 years to be our head coach. In the fifth year your salary will increase to $2 million/year."

Miles really wants to get back into coaching before it's too late so he takes the offer.

LSU still owed Miles $6.5 million over the next 4 years.

Subtracting the Kansas salary from LSU's obligation to Miles ($500,000 X 4 = $2 million), LSU still owes a coach (who is now coaching for another team) $4.5 million to be paid over the next 4 years.

Which would you rather do, pay $1.5 million now or $4.5 million over the next 4 years?

But if Miles decided not to take the Kansas offer (because he'd essentially be working for free since he'd be receiving the same total amount for NOT working at Kansas) LSU would then still be on the hook for the full $6.5 million over the next 4 years.

quote:

---

When Les' contract is announced it's going to be WELL over 6.5mm through the initial buyout period.

---

But you don't know if that would have been his offer from Kansas if he was still being paid his full salary from LSU.

That's a big assumption on your part.

MissiePig:

Whatever Les negotiates with lets say Kansas is conditional on the fact that he has settled with LSU for $1.5 million of the $6.5 million he was owed. Have you ever had any advanced statistics, if you have done so, think of it in terms of Bayesian statistics. Les and whoever he negotiates with are now finalizing a deal, conditional on Les and LSU settling for $1.5 million (LSU saves $5 million). As long as LSU still owed Les the full $6.5 million, then there was the potential that schools interviewing Les could use the $6.5 million LSU owed Les to offer lower compensation on their end.

So les assume Les and KU come to terms, well if the current coach is making $1.7 million, which was a number somebody cited, that is $6.8 over 4 years, but with LSU on the hook for $6.5. KU could have said, we will pay $300K and LSU pays the difference. Les is $300K better off, but LSU is not.

Under scenario with Les settling for $1.5 million, LSU is $5 million better off. If KU offers Les the same money they are currently paying, $1.7 million for lets say 4 years, that is $6.8 million and with the $1.5 million, Les would be $2 million better off than sitting on the couch and collecting $6.5 million for LSU.

Win for Les and Win for LSU.

I’m not a legal mind or a statistician, but when I first heard of his deal at 1 1/2 million, I thought LSU got a dang good deal.

God you’re dumb

quote:

---

Or maybe he will but realistically maybe less is like, If I’m making 1.5 for the next 5 years mill sitting on my arse, I am Not gonna go try and rebuild a program for 2.5 mill for the next 4. Not worth the effort. For an extra 3 mill I dont Really need.

---

SammyTiger: I understand your perspective, but Les has basically been part of football in some form every year of his life, except the few years he was in sales after he graduated from Michigan and last 2 years after LSU. It is basically all he has ever done and my guess it is just the competitive nature in him and the enjoyment (Les term) he gets from being part of and in this case leading a "Team." Maybe it is just part of his DNA personality.