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Details of the contract changes are still in the negotiation process and will be announced at a later date, and are subject to approval of the LSU Board of Supervisors.
Miles currently makes $3.7 million a year. WWL's Deke Bellavia says he's learned the increase be "modest," bumping Miles to just over $4 million a year.
The news comes after word leaked that Arkansas offered Miles a lucrative 5-year contract in the neighborhood of $27 million. However, Miles said today at a press conference that those figures were not accurate.
"Seven years is a long tenure...I'm fortunate to have that committment," Miles said.
"Seven years is a long tenure...I'm fortunate to have that committment," Miles said.
“Les Miles is one of the premier coaches in the country and has LSU in contention for championships year in and year out,” Alleva said. “Only two coaches in the 119-year history of LSU football have coached as many years at this school and only one has won more games. Les Miles has made a commitment to LSU and LSU is solidifying its commitment to Les Miles.”
The 2011 National Coach of the Year, Miles has an eight-year record of 85-20 at LSU going into its 2012 bowl game. He has won .810 percent of his games since coming to Baton Rouge in 2005, the fifth best winning percentage in the history of the SEC, while taking the Tigers to the best eight-year record in school history. He has led LSU to four top five finishes, two Southeastern Conference titles and the BCS National Championship in 2007. Two years in a row LSU has posted the second best Graduation Success Rate in the SEC, trailing only Vanderbilt.
