Hello There, Guest! (Login — Register)
CSNbbs / Active Boards / Lounge / College Sports and Conference Realignment v / Les Miles' last game at LSU is tomorrow ...

Post Reply 
Les Miles' last game at LSU is tomorrow ...
Author Message
quo vadis Offline
Legend
*

Posts: 50,235
Joined: Aug 2008
Reputation: 2445
I Root For: USF/Georgetown
Location: New Orleans
Post: #36
RE: Les Miles' last game at LSU is tomorrow ...
(11-27-2015 11:41 PM)Wedge Wrote:  
(11-27-2015 10:45 PM)quo vadis Wrote:  
(11-27-2015 09:52 PM)USAFMEDIC Wrote:  
(11-27-2015 07:37 PM)Maize Wrote:  They better have their guy in hand before letting Miles go...07-coffee3

They are playing Miles 15 million to get out of his contract, and then the school will be making excuses for raising the students tuition rates. Really sucks...

LSU athletics gets zero dollars from student fees or subsidies.

Also, it's not $15 million. Reportedly the contract says that LSU gets to pay his buyout in installments over 8 years and gets to offset Miles' future salary against what they owe him. In other words, they'll negotiate a lump sum settlement with Miles' representatives for a lot less than $15 million.

If LSU waits to fire him until January 1st, the buyout falls to $12.9 million.

And yes, since the payout is over 8 years, LSU can pay a smaller lump sum now. But not because Miles will negotiate away a cent of what he's owed - he won't - but because of the time value of money.
(This post was last modified: 11-28-2015 09:39 AM by quo vadis.)
11-28-2015 09:37 AM
Find all posts by this user Quote this message in a reply
Post Reply 


Messages In This Thread
RE: Les Miles' last game at LSU is tomorrow ... - quo vadis - 11-28-2015 09:37 AM



User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.