|LSU approves contracts for Miles, Johnson, Alleva|
|Written by Admin|
|Friday, 25 April 2008 10:15|
Football coach Les Miles' $3.75 million contract was adjusted to increase the amount LSU would owe if he was fired without cause. His salary was announced last month.
Each contract is for five years.
Johnson could bring in an extra $600,000 a year if the basketball team plays in postseason games and up to $200,000 more if the team meets certain academic goals.
New AD Alleva can bring in another $150,000 each year based on academic and performance measures after his first year.
The LSU Board of Supervisors unanimously approved Johnson's contract and Miles' contract adjustment. Two board members - John George and Hank Gowen, both of Shreveport - voted against Alleva's contract, according to LSU spokesman Charles Zewe.
The ``buy-out'' provision in Alleva's contract, if LSU fires him without cause or he leaves early, is $350,000 for each year or portion of a year remaining in his contract.
If LSU fires Johnson without cause, Johnson will get $600,000 a year for each year or part of a year remaining in his contract. If Johnson leaves during the first year of his contract, his buy-out is $2.5 million, and it decreases by $500,000 each year thereafter.