Upon approval by the board, Miles' base salary will be $300,000 per year with an additional $600,000 serving as payment for radio, television and internet appearances. Miles will also receive an annual sum of $300,000 from the Tiger Athletic Foundation with an additional $50,000 coming from shoe and equipment contracts.
Miles, who posted a 28-21 record with three bowl appearances in four years as head coach at Oklahoma State, will collect the $200,000 in annual deferred compensation if he remains at LSU for the length of his contract.
Miles can earn additional compensation for certain accomplishments achieved by the LSU football team. Miles will receive $50,000 in additional compensation if he leads LSU to a bowl game, or $100,000 for leading the Tigers to a Bowl Championship Series contest. He will also earn $75,000 if the Tigers play in the Southeastern Conference Championship Game, and $175,000 if they play in the BCS National Title game. Under the provisions of the contract, Miles' additional compensation for any given year may not exceed $400,000.
In addition to his on-field accomplishments, Miles will also be rewarded financially for his team's academic achievement in terms of graduation rates.
Miles' contract includes a $500,000 buyout clause if he were to leave LSU at any time during the term of the contract.