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Message
re: Miles unethical negotiation at LSU
Posted on 11/16/18 at 3:37 pm to TigerBalsagna
Posted on 11/16/18 at 3:37 pm to TigerBalsagna
Lol... One upvote he gives himself and 62 downvotes...
That's so bad that old boy should have gave himself a downvote
That's so bad that old boy should have gave himself a downvote
0
Posted on 11/16/18 at 3:39 pm to kew48
quote:
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.
Wow.
Posted on 11/16/18 at 3:40 pm to kew48
quote:
Actually you are leaving out further contractual obligations-namely this liability has limits and is negated if he receives another job that he apparently wants and must seek and pays him more than the 6.5Mil. over its life
That is conditional on him taking a job. However, what it does not say is how much that school most pay. It only says if Les Gets a contract more than $6.5 million and that school agrees to pay the full $6.5. million. So the only way LSU was not going to pay the $6.5 million is if a A) A school offered Les a Job, B) He took it and C) in the contract, the other school agreed to pay all of the contract worth $6.5 million or more.
Posted on 11/16/18 at 3:41 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.
or
He could have hung around and collected the whole amount. Both sides win. Not Unethical
Posted on 11/16/18 at 3:42 pm to kew48
Your way of thinking is warped. Rest your brain. It needs it.
Posted on 11/16/18 at 3:42 pm to JKChesterton
This is fun !!
Posted on 11/16/18 at 3:44 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.
Bet that didn’t go how you expected, lol
Posted on 11/16/18 at 3:45 pm to TigerBalsagna
quote:
Dumbass.
+1000
Posted on 11/16/18 at 3:47 pm to MisslePig
quote:
Les Miles was going to Kansas NO MATTER WHAT. Les Miles was HIGHLY LIKELY to make more than $6.5mm through the LSU buy out period. LSU has a gain of $5mm...they could of had a gain of $6.5mm. Les Miles worked LSU one last time and I'm happy for him. He didn't deserve what happened to him.
MissiePig:
I like Les as well, always did and still do. We don't know what KU was going to pay as long as LSU owed Miles $6.5. That was always a potential contract impediment. In other words, the mere fact of LSU owing $6.5 million introduced some element of uncertainty into the negotiations. KU offers a contract worth some amount, then how much does KU pay vs. how much can they leverage from LSU. That could be a stickler. You don't think LSU's attorneys would want to look at the KU contract terms.
The fact that Les settled with LSU allows for "efficient contracting" between Les and KU. It eliminates LSU, a third party with economic interest as long as they still owed Les any money.
Win for Les, win for LSU and also KU. What if LSU did not like the terms of Les contract with KU and filed a motion in court. More damn legal fees. Didn't LSU just go through a contract dispute over who owed what when Chavis signed with Texas A&M. My theory, and that is all it is, LSU's attorneys were privy with Les and his negotiations with KU.
Posted on 11/16/18 at 3:56 pm to JKChesterton
quote:
We don't know what KU was going to pay
I'm agreeing with EVERYTHING your saying, and this point is the X factor that we most likely will never know. I make a series of assumptions that leads to LSU saving $6.5mm. You're assumptions lead you to LSU saving $5mm.
Also one caviat, LSU, from an accounting perspective, isn't technically "gaining" $5mm. The ST/LT liability is going to net with the deferred asset. I'm not actually a gov't accounting expert so someone feel free to correct me.
This post was edited on 11/16/18 at 4:01 pm
Posted on 11/16/18 at 3:56 pm to kew48
300th downvote. 
Posted on 11/16/18 at 3:58 pm to kew48
Admins need to delete this.
Posted on 11/16/18 at 4:00 pm to JumpingTheShark
quote:
Admins need to delete this.
Dude, it's Friday 5pm est/4pm cst...let us have this...we're almost there. No one's bumping this in an hour. TGIF.
Posted on 11/16/18 at 4:02 pm to kew48
It is called a negotiated settlement for a reason. Nothing unethical about it.
Posted on 11/16/18 at 4:04 pm to MisslePig
MissiePig
Government Accounting has its own principles True. My example earlier was using a Publicly traded company as an example. And yes, if a publicly traded company retires long-term debt/liabilities and lower than the book value of that debt, it is recorded as a Gain on the Income statement.
Deferred assets (or liabilities) typically result from differences in tax accounting and book accounting, so not sure what exactly you are getting at here.
quote:
Also one caviat, LSU, from an accounting perspective, isn't technically "gaining" $5mm. The ST/LT liability is going to net with the deferred asset. I'm not actually a gov't accounting expert so someone feel free to correct me.
Government Accounting has its own principles True. My example earlier was using a Publicly traded company as an example. And yes, if a publicly traded company retires long-term debt/liabilities and lower than the book value of that debt, it is recorded as a Gain on the Income statement.
Deferred assets (or liabilities) typically result from differences in tax accounting and book accounting, so not sure what exactly you are getting at here.
Posted on 11/16/18 at 4:04 pm to kew48
quote:
Miles unethical negotiation at LSU
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.
quote:
kew48
Posted on 11/16/18 at 4:04 pm to JKChesterton
I like Les as well, always did and still do. We don't know what KU was going to pay as long as LSU owed Miles $6.5. That was always a potential contract impediment. In other words, the mere fact of LSU owing $6.5 million introduced some element of uncertainty into the negotiations. KU offers a contract worth some amount, then how much does KU pay vs. how much can they leverage from LSU. That could be a stickler. You don't think LSU's attorneys would want to look at the KU contract terms.
Well so much for a buyout clause in future contracts for Coaches that include terms limiting the buyout for the coach that gets hired down the road. According to the logic above they don't effectively work and even limit a coach from negotiating a new deal based on market conditions.
Well so much for a buyout clause in future contracts for Coaches that include terms limiting the buyout for the coach that gets hired down the road. According to the logic above they don't effectively work and even limit a coach from negotiating a new deal based on market conditions.
Posted on 11/16/18 at 4:05 pm to kew48
Not sure if anyone has brought this up in response to your hot take, but Miles did not act unethically and your post is terrible.
If you had any self-awareness you would edit your post to delete the subject and body, ask an admin to delete your thread, and throw yourself on the mercy of the Rant.
If you had any self-awareness you would edit your post to delete the subject and body, ask an admin to delete your thread, and throw yourself on the mercy of the Rant.
Posted on 11/16/18 at 4:15 pm to Ice Cold
quote:
Prove to me LSU needed to settle with Les Miles.
220k a month over the next 6 years........
Jesus I thought the math in Louisiana was bad but Arkansas makes this shite down here look like Honors Abstract Algebra. Holy shite get with it son!
Posted on 11/16/18 at 4:21 pm to kew48
Just another moronic CLM hater.
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