Last Modified: Thursday, November 29, 2012 4:22 PMBATON ROUGE — LSU’s Les Miles isn’t going anywhere.
But he is getting a raise and a contract extension to stay with the Tigers.
The LSU head football coach said Wednesday that the extension was for seven years, and that the school will release financial details at a later date after they are finalized.
“This Miles family is very comfortable in south Louisiana,” Miles said.
The new contract came after 24 hours of speculation that Arkansas was offering Miles a substantial raise — reportedly $27.5 million for five years.
Miles’ current contract pays him $3.75 million per year.
LSU Athletic Director Joe Alleva said the Arkansas rumors were not a factor in the extension and raise, except maybe for the timing.
“It has been my plan all along to give coach a raise and an extension, and that’s what we’re doing,” Alleva said, adding that he had planned to get the new contract done after LSU’s bowl game.
Miles said the Arkansas offer was “a sincere one,” but that “the view of five years and $27 million is not true.”
“Our conversations were very preliminary and fell short of any major interest,” he said.
Miles said he did not speak with Jerry Jones, the Dallas Cowboys’ owner and Arkansas alum who was reportedly involved in Arkansas’ wooing of him.
Miles spent three years as an assistant coach with the Cowboys and knows Jones well. But he said whatever interest he had in Arkansas involved Razorbacks’ Athletic Director Jeff Long, a longtime friend from when both began their careers at Michigan.
Miles also would not comment on the financial aspects of the new contract, although it will eventually be public record.
“It’s embarrassing to me to talk about money, so I don’t,” Miles said. “I’m just thankful that I’m fortunate enough to have an occupation that pays a tremendous market value.
“Four (teenage) children headed to college, I needed a raise.”
Alleva said Miles has not received a raise since his contract was reworked after the 2007 national championship season. His contract was also renegotiated after the 2010 season, when Miles had an offer to return to his alma mater at Michigan, but that did not involve a monetary increase in salary.
Miles is 85-20 in his eighth year at LSU, the fifth-best winning percentage (.810) in Southeastern Conference history. He has led LSU to four top-five national finishes, including the 2007 national championship, along with SEC championships in 2007 and 2011.
For the last two years, LSU has also finished second in the SEC to Vanderbilt in the NCAA’s Graduation Success Rate formula.
“What I want to do is win championships here and do it again, and then do it again,” Miles said.
He said he looked forward to the four-team playoff college football will go to for 2014 season.
‘Somebody makes their way through that gauntlet to the end, that would be a great challenge,” he said. “That challenge can be met right here.”
Posted By: claude On: 11/29/2012
Title: A raise?! 2
And, don't forget the price of LSU football tickets was increased the last time Miles got a raise in order to fund it.
Posted By: Steve A On: 11/29/2012
Title: A Raise
I agree with Claude...........if he is willing to leave a job that all ready pays him almost 4 million a year..........they should have let him go.............I bet that doesn't figure to be the 1% raise that I and most of America got this year and will get next year, if we get that..................complete crap............I won't watch LSU anymore.
Posted By: Bird On: 11/29/2012
Title: miles is a clown and a manipulator
he has best talent in nation and cannot get it done.......he won a national championship in a year when his team lost 2 regular season games so what is so special about this loser............why did he not recruit johnny football manziel but instead recruited tyran Mathieu and Jordan Jefferson.........let him go to arkansas
Posted By: claude On: 11/28/2012
Title: A raise?!
They should have let him go to Arkansas. I do understand about him needing a raise. How can anyone support 4 children on only $3.75 million per year?