BATON ROUGE, La. — Les Miles has a new seven-year contract at LSU that also will result in a pay raise for one of the most successful coaches in the history of the Tigers’ football program.
“I’m an LSU head coach and will be an LSU head coach for as long as I can be,” Miles said Wednesday. “Hopefully we’ll look up seven years from now and I’ll be looking for another seven-year extension.”
The new contract runs through 2019, which amounts to a two-year extension. LSU athletic director Joe Alleva said financial details were still being worked out and will be released after LSU plays in a still-undecided bowl game to close out this season.
A person familiar with the contract said that Miles‘ new annual pay would be in the range of $4.3 million. The person spoke to The Associated Press on condition of anonymity because financial details of Miles‘ deal were not released.
Miles‘ previous contract paid about $3.75 million annually through 2017. He has not received a raise since 2008, after LSU’s last national title, though he has since received an extension and raises for assistants.
Miles is 85-20 at LSU since arriving in 2005, with one national title in the 2007 season and two BCS championship appearances. LSU’s victory over Arkansas last Friday clinched Miles‘ fifth 10-win season with the Tigers.
Miles said representatives from Arkansas had reached out to him in a preliminary way, but he also said reports of a five-year, $27.5 million offer to take over the Razorbacks was “not true.”
“Speculation about other job opportunities accelerated our process a little,” Alleva said. “I think we have accomplished the important step of securing Les Miles as our head coach for the long-term good of the program.”
Bryan Lazare contributed to this story from Baton Rouge, La.