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Started By
Message
This hasn't been mentioned about Craig.....
Posted on 2/15/16 at 8:21 am
Posted on 2/15/16 at 8:21 am
One word..... Narcisse. remember where he was committed?
Miles is sitting at the poker table going all in on every hand. It seems to me that miles has figured out that hiring his buddies is only going to take him so far.
I wonder if miles is considering taking a pay cut to bolster his staff ? At the end of the day when you already have more than you can spend in 2 lifetimes what's the difference between 3 and 4 million? Your legacy is what will be preserved throughout history.
Miles is sitting at the poker table going all in on every hand. It seems to me that miles has figured out that hiring his buddies is only going to take him so far.
I wonder if miles is considering taking a pay cut to bolster his staff ? At the end of the day when you already have more than you can spend in 2 lifetimes what's the difference between 3 and 4 million? Your legacy is what will be preserved throughout history.
7
Posted on 2/15/16 at 8:26 am to Ninja_Assassin
quote:
One word..... Narcisse. remember where he was committed?
DCraig was not as involved with the recruitment of Narcisse as you seem to think.
Great hire for recruiting, he may even end up helping with Narcisse, but it isn't super significant at this point in time.
Posted on 2/15/16 at 8:26 am to Ninja_Assassin
We have an arsenal of recruiters, that's for damn sure. Hopefully we can coach up these guys and get a championship run going.
Posted on 2/15/16 at 8:31 am to Ninja_Assassin
quote:
I wonder if miles is considering taking a pay cut to bolster his staff ? At the end of the day when you already have more than you can spend in 2 lifetimes what's the difference between 3 and 4 million?
Wow! I assure you Miles is does not have more money than he can spend in two lifetimes. Remember that nearly half of his salary is paid in income taxes.
Miles has probably taken home about $20 million since he started working at LSU. He's probably spent $5 million. If he wants to buy a chalet in Aspen he might spend $4 million on it - and then he has to maintain it and travel to and from it.
I'm sure he might want a similar home wherever he choses to retire. What if he wants a private plane with crew? He's getting dangerously low on the remaining $15 million, and he hasn't yet paid a dollar for hookers or blow.
Posted on 2/15/16 at 8:38 am to Penrod
yes, poor les miles
Posted on 2/15/16 at 8:40 am to Penrod
quote:
nearly half of his salary is paid in income taxes.
No.
That said, it's not all about how much Miles can spend in his lifetime, it's about what he saves for his posterity, and whatever charities/foundations he may want to contribute to/set up going forward.
Posted on 2/15/16 at 8:40 am to Ninja_Assassin
A guy who knows Narcisse on the recruiting board (and proved it) said that Cam Cameron is the reason we would get Narcisse. They have a VERY close relationship.
Posted on 2/15/16 at 8:48 am to TheCaterpillar
quote:
One word..... Narcisse
Narcisse isn't the kind of talent you hire a coach to get.
LF is...
Shea Patterson and R. Gary maybe...
Not Narcisse.
Posted on 2/15/16 at 9:12 am to Ninja_Assassin
quote:
One word..... Narcisse.
LSU has been in the drivers seat for Narcisse for months now. When he decommitted from Auburn there wasn't much doubt where he was headed. I'm sure Craig helps, but this hire is bigger than one kid.
quote:
It seems to me that miles has figured out that hiring his buddies is only going to take him so far.
This is thrown around a lot but Miles doesn't hire his buddies any more than other coaches. Every coach will pick a guy they're familiar with if all other things are equal. Auburn fans think Gus is letting Lashlee sink his ship. Stud was considered a good friend and he's one of the few coaches Miles has actually come right out and fired.
Posted on 2/15/16 at 9:16 am to WildTchoupitoulas
quote:
nearly half of his salary is paid in income taxes.
quote:
No.
Just curious why you think this is not accurate? Les' Federal Tax bracket is 39.6% and his State tax bracket looks to be 6%. That totals 45.6% (or about half) before you even add any local or ancillary taxes he may have to pay. I would say about half is accurate.
Posted on 2/15/16 at 9:41 am to Ninja_Assassin
Thinking the same thing!
Posted on 2/15/16 at 9:55 am to KC Tiger
quote:
It seems to me that miles has figured out that hiring his buddies is only going to take him so far.
Thats pretty funny. SMH
When are you guys going to realize that Miles is a special coach. He hires 3 straight great coaches and gets this backhanded compliment.
Some of you need to work for a guy like yourselves, no matter what you do, theres always a but or an if.
Just heard Jim Mora on an interview saying that the spread offense has won exactly zero national titles. And that UCLA will utilize a FB and a TE because at the end of the day football is physical and violent. But, Miles is behind the times.
Miles knows what he is doing and one day will be compared to all the SEC coaches that have come and gone, not just Saban in here.
Posted on 2/15/16 at 9:57 am to KC Tiger
quote:
Les' Federal Tax bracket is 39.6%
1. You don't understand how the tax system works, it's not 39.6% of total gross income.
2. You're not accounting for sheltered investments.
Posted on 2/15/16 at 9:59 am to LSUANDY25
quote:
Just heard Jim Mora on an interview saying that the spread offense has won exactly zero national titles.
Jim may want to check his math on that one.
Posted on 2/15/16 at 10:00 am to KC Tiger
quote:
Just curious why you think this is not accurate? Les' Federal Tax bracket is 39.6% and his State tax bracket looks to be 6%. That totals 45.6% (or about half) before you even add any local or ancillary taxes he may have to pay. I would say about half is accurate.
Ever heard of deductions?
Posted on 2/15/16 at 10:00 am to Penrod
quote:
Wow! I assure you Miles is does not have more money than he can spend in two lifetimes. Remember that nearly half of his salary is paid in income taxes.
Les Miles hit his financial marks that he wanted a long time ago.
That doesn't mean he doesn't want more, but he's hit his retirement goals.
This post was edited on 2/15/16 at 10:01 am
Posted on 2/15/16 at 10:01 am to LSUANDY25
quote:
He hires 3 straight great coaches and gets this backhanded compliment.
Les has absolutely crushed it this offseason, but that's also after botching 2 hires last year in Steele and Ball. AU definitely bailed us out by hiring Steele away, I still don't understand that move at all.
Posted on 2/15/16 at 10:29 am to WildTchoupitoulas
quote:
You don't understand how the tax system works, it's not 39.6% of total gross income.
2. You're not accounting for sheltered investments.
Unfortunately (or fortunately) I know all too well about the 39.6 tax bracket. But, to your point:
1. Not all of Les' salary gets taxed at the highest level, but almost all of it does (approximately 90% - or everything above about $450,000).
2. His outside investments (which he may or may not have) do not in any way affect his tax liability for his salary (which is what the OP mentioned). Les gets a W-2 from his employer and there is nothing his outside investments can do about the taxes that are taken out of his check. If he participates in an investment opportunity and loses money he certainly can 'write off' the loss, but that would be money he lost. If he has an investment that provides deferred compensation that would in no way affect his tax liability on his salary. It would only defer the profit he makes on his outside investment.
Again, "about half" of his salary in taxes is correct.
This post was edited on 2/15/16 at 10:34 am
Posted on 2/15/16 at 10:35 am to KC Tiger
quote:
Again, "about half" of his salary in taxes is correct.
No.
quote:
His outside investments
I'm sure those aren't his only deductions.
..at least, if he's got an accountant worth a shite, he's not paying half his gross income in income taxes.
Posted on 2/15/16 at 11:13 am to WildTchoupitoulas
A lot of the deductions are phased out when you make that much money.
Do you make that much money? If you dont, why dont you listen to the guy who does?
Do you make that much money? If you dont, why dont you listen to the guy who does?
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