Socrefbek
3/15/2008, 09:21 PM
LSU's Miles to Earn Over $3.75 Million a Year, Making Him Highest-paid SEC Head Football Coach
Mar 14, 5:07 PM (ET) Email this Story
By BRETT MARTEL
NEW ORLEANS (AP) -LSU will make Les Miles the highest-paid head football coach in the Southeastern Conference under a renegotiated five-year contract agreement signed Friday.
Miles will earn at least $3.75 million plus $1,000 a year in a deal that nudges him ahead of Alabama coach Nick Saban and makes Miles one of the nation's top-paid college football coaches.
Miles also is eligible to receive more money each year, depending on the team's performance on the field and in the classroom.
The contract adjustment was signed Friday by Miles and LSU System President John Lombardi. The university system's governing board must approve the deal at its April meeting.
Miles is 34-6 at LSU, with three lopsided bowl victories, since taking over for Saban in 2005.
Saban, who is guaranteed $3.75 million, was the SEC's highest-paid coach. Miles' new contract states he will be paid no less than the highest-paid coach at a public university in the conference, plus $1,000.
Miles' initial contract extension through 2012, agreed to in December, called for him to earn no less than the third-highest salary among all NCAA football coaches nationwide.
But when Miles and LSU began to negotiate a new salary after the BCS title game, they realized they could not verify salaries for coaches at private universities, such as Charlie Weiss at Notre Dame and Pete Carroll at Southern California.
LSU general counsel Ray Lamonica said that if another SEC coach receives a subsequent raise that's higher than what Miles earns, and if Miles then wins another BCS title, Miles would be entitled to another raise to again make him the conference's highest-paid coach.
Mar 14, 5:07 PM (ET) Email this Story
By BRETT MARTEL
NEW ORLEANS (AP) -LSU will make Les Miles the highest-paid head football coach in the Southeastern Conference under a renegotiated five-year contract agreement signed Friday.
Miles will earn at least $3.75 million plus $1,000 a year in a deal that nudges him ahead of Alabama coach Nick Saban and makes Miles one of the nation's top-paid college football coaches.
Miles also is eligible to receive more money each year, depending on the team's performance on the field and in the classroom.
The contract adjustment was signed Friday by Miles and LSU System President John Lombardi. The university system's governing board must approve the deal at its April meeting.
Miles is 34-6 at LSU, with three lopsided bowl victories, since taking over for Saban in 2005.
Saban, who is guaranteed $3.75 million, was the SEC's highest-paid coach. Miles' new contract states he will be paid no less than the highest-paid coach at a public university in the conference, plus $1,000.
Miles' initial contract extension through 2012, agreed to in December, called for him to earn no less than the third-highest salary among all NCAA football coaches nationwide.
But when Miles and LSU began to negotiate a new salary after the BCS title game, they realized they could not verify salaries for coaches at private universities, such as Charlie Weiss at Notre Dame and Pete Carroll at Southern California.
LSU general counsel Ray Lamonica said that if another SEC coach receives a subsequent raise that's higher than what Miles earns, and if Miles then wins another BCS title, Miles would be entitled to another raise to again make him the conference's highest-paid coach.