LSU’s Board of Supervisors on Friday officially and unanimously approved the new contract, which will now run through the 2017 season. Miles’ old deal would’ve kept the head coach with the Tigers through the 2014 season. Additionally, Miles would be owed in the neighborhood of $18.7 million in the first year of the revamped contract if he’s fired without cause. Under the terms of his old contract, that number would’ve been $11.2 million.
As was the case when the handshake agreement was first announced, Miles will not receive a raise and will still make the $3.75 million annually his old contract called for. Miles will, however, have “enhanced opportunities” for additional compensation based on championships and postseason accomplishments.
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