LSU football coach Les Miles signed his amended contract Thursday afternoon during the LSU Board of Supervisors meeting.
The full Board will vote on the revised contract Friday after it passed favorably through a committee today.
According to the contract, Miles’ term will begin Jan. 1, 2008, and end Dec. 31, 2012. The contract gives Chancellor Sean O’Keefe the authority to extend Miles’ contract two years to 2014.
The amendments do not affect the salary or benefit portions of the contracts. Miles’ salary clause can be adjusted without Board approval or additional amendments if it must be changed to satisfy the post-season performance stipulations in his contract, according to his amended post-season clause.
Since the Tigers won the Southeastern Conference Championship, Miles must be one of the top-three highest paid coaches in the SEC. His pay could increase even more since a contract clause ensures Miles will be one of the three highest paid college football coaches if he wins the Bowl Championship Series National Championship on Jan. 7 in New Orleans.
According to the amended termination clause, if the University terminates his contract without cause before its 2012 conclusion, it must continue Miles’ pay in monthly installments. The amount of liquidated damages paid to Miles will not exceed $15 million.
—–Contact Amy Brittain at [email protected]