LSU Tigers and Miles Sign $ 1.5 Million Buyout Agreement



[ad_1]

Former football coach Miles, who would run for the Kansas vacancy, reached an agreement Thursday with LSU for a one-time lump sum payment of $ 1.5 million on the remaining school guarantee. .

LSU still owed $ 6.5 million in guaranteed wages to Miles after laying off in September 2016.

At the time of his dismissal, he needed about $ 9 million in Miles, which had to be paid in monthly installments until 2023. But Thursday's agreement releases LSU from any outstanding balance owed to Miles, who led the Tigers from 2005 to 2016 and scored 114 leading LSU at a national championship in 2007.

LSU Sports Director Joe Alleva said he had discussed a settlement with Miles' representatives for several weeks.

Miles, who has not coached since being fired by LSU, was mentioned as an opening candidate in Kansas, who announced on Nov. 4 that David Beaty would not come back as a coach.

The Jayhawks (3-7) will play Oklahoma number 6 on Saturday.

Kansas AD Jeff Long and Miles have known each other since their stint at the University of Michigan in the late 1980s and early 1990s.

"It's time for both sides to move forward," Alleva said in a prepared statement. "One of the challenges of the redemption in place was that there was simply no incentive to move on. We were looking to provide that, and Coach Miles and his representatives were also ready. "

A message left to Miles' agent, George Bass, was not immediately returned.

Miles, who turned 65 on Saturday, is 141-55 in 15 plus seasons as a head coach at LSU and Oklahoma State.

[ad_2]
Source link