re: Miles unethical negotiation at LSU

Kewl!

WTF?? Kansas knows what Les is receiving from LSU. That's public information.

Correct-But Kansas probably did not know that Miles was also negotiating with LSU to potentially bring in another $ 1.5 Mil. if his Kansas salary was large enough to negate the LSU continued buyout.

Lets face it- 1)-this is all predicated on Miles getting another head coaching job.
2)- If he does, and it looks like Kansas will offer, when its all said and done-Mark my words- LSU would have been off rolling the dice and not offered Miles the 1.5M buyout

I'm not sure what you don't understand. The contract could be for $10mm and LSU could've still been on the hook for more than $1.5mm depending on how the KU offer was structured.

This settlement guarantees LSU saves $5mm.

It's been spelled out for you numerous times in this thread.

Know how I can tell you didn’t go to LSU??? Or any college for that matter...

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kew48

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True Moron

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Correct, and neither do you. Your definition of "prove" is conjuring up random numbers and adding them together. My assumptions are not any bigger than your assumptions. If anything your salary payment assumptions make your theory drastically less likely. Current head coach at KU makes $1.7mm...

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MissiePig:

Let me try one more time. LSU had a contractual liability to pay Les Miles $6.5 million. What is a Liability? It is contractual obligation to transfer economic resources (some asset, i.e. cash or services) to another party outside of the entity. In this case LSU is the entity that has a contractual obligation to pay Les Miles $6.5 Million. That is not a random number, that is a "fact'. Thus, if we say LSU's athletic department's balance sheet, it would have Liabilities (like all balance sheets) and included among those liabilities would be the salary owed to one Les Miles.

LSU settling the Liability for $1.5. million results in net savings of $5 million, which means it is a "gain". If LSU were a Publicly traded company, they would record the transaction with Les Miles as a "Gain" which would increase the firms Bottom Line (Profit, Income, Net Income, etc.)

The above numbers are not random numbers. LSU is $5 million better off today vs. yesterday. End of discussion.

Now in terms of Les's contract with hypothetically KU, in what world would Les Miles act economically irrational. He is acting in a way that makes himself economically better off, which is what I would expect him to do. Under no scenario would Les just leave money on the table from LSU, particularly if in contract negotiations, There is the $6.5 million LSU owes Les. If I am the attorneys and administration from the other school, I use LSU to fund my coach. I make a lucrative offer but I don't pony up the contract amount, I lowball it and use what LSU owes less.

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JKChesterton

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You've done a great job spoon feeding the information in this thread. If they read your posts and still can't wrap their head around this concept, it's truly a lost cause.

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I agree. I think that Les is a recognized coach, and by most accounts he is well liked. I have friends who know him personally and say he is a very nice guy, polite and fun to be around. Couple that with his recent "stardom" in the TV commercials, making him an even more recognizable celebrity in the college football arena. Despite his "hayseed, grass eating" persona, I would say the man is pretty damn business savvy and is striking while the iron is hot. I will also bet that he gets at least $2M on his contract, which will be for 4-5 years, with a bonus for taking them to a bowl game. Win-win for Les, win-win for LSU. Not sure why people are upset about a guy who did not take advantage of the system and is doing well for himself. It could be worse, it could be a $39M dollar contract for a Waffle House clown like Auburn has, that nobody wants.

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DocYates:

He is recognized and yes KU is first a basketball school and 2nd probably the bottom 5th in terms of Power 5 jobs. No doubt. But Mangino had them 11-1 in the Big 12 in 2007 and they beat Va. Tech in the Orange Bowl to finish 12-1 and I think top 3 or 4 that year. So it can be done, albeit not easily. Louisiana has 90 players on 247 that are at least 3-star. Les is well respected by LA HS coaches in terms of treating players well and parents trust him. He can sign 5 3-stars in LA, ones that LSU doesn't offer. Schools like Utah, UNLV, SMU, TCU, all have commits that are 3-stars, Arkansas has 3, Ole Miss 2, Miss. State has a few. He has connections in Texas, lets say he signs 10 3-stars from texas. Kansas only has 12 players 3-star or better, so if he can sign half those, that is 21 players. Go JUCO route in Kansas, maybe Texas or California, I think he can potentially do well there. Is it a tough job, yes.

And he is also an Economics major from Michigan. So despite all the crazy Les Miles isms, I think he understands economics and no rational economic actor engages in a business deal to make himself worse off. So good for Les.

Damn at this rate your gonna get more down votes than you have post since 2006...

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You've done a great job spoon feeding the information in this thread. If they read your posts and still can't wrap their head around this concept, it's truly a lost cause

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burdman:

Thanks man, I appreciate you taking the time to read my posts. I am wondering if some of these posters have any economic and business acumen at all.