Sooooo… it turns out LSU was in negotiations with Jimbo Fisher to become the next head coach there. The problem was the school couldn’t make the numbers add up.
Literally. Miles and his staff, as we’ve heard, would have been due roughly $17 million dollars if they’d have been let go. But that’s only half the story.
Fisher makes $5 million per year and has a buyout of $5 million. He likely would have been given a multiyear contract paying him more than $5 million per season. A new coaching staff would have cost the school another $5 million.
The final price tag to part ways with Miles and hire Fisher was more than $30 million. That figure “shocked” Alexander and other officials.
Now, mind you, this is all information that anyone with Internet access could have scrounged up with an hour or so’s worth of typing, but evidently the people running a major state institution have no clue how much an SEC coach costs these days. I don’t know about you, but Miles or no Miles, if I were in the Louisiana legislature and Alexander came to me asking for more funds that he assured me would be prudently spent, I’d have a hard time not laughing in his face.
These guys really don’t have a clue what they’re doing. They need every penny from all the broadcast revenue rolling in simply to avoid making hard financial decisions. And even then, they can’t always make it.
On the plus side, at least we know there’s a dollar limit on what somebody will spend to beat Nick Saban.