Meet the mother of all buyout provisions.
The real MVP in this situation is Sumlin’s agent Trace Armstrong, who convinced Texas A&M in November 2013 to guarantee the entirety of a six-year, $30 million deal and then convinced university officials to agree to a condition that the entirety of his buyout would have to be paid within 60 days of a potential firing. Had LSU gone through with firing Les Miles, Miles would have been owed $16 million. That buyout would have been payable over eight years, making it far more tolerable than a lump sum. Sumlin has extra protection because if he is fired after the ’16 campaign, A&M would have two months to pay him $15 million. [Emphasis added.]
Now that’s job security. TAMU’s 2012 win over Alabama has to be the most expensive victory in the history of college football.