Well, talk about going for the brass ring right out of the gate. Names have been circulating all over the map since the Arkansas Razorbacks fired Bobby Petrino last Spring, following the fallout of his affair. The team hired John L Smith as the interim coach, but it was pretty much expected to be a one-year gig. They fired him after losing to LSU this past weekend, and the first person they have offered the job to is the head coach of the Tigers, Les Miles.
According to Sports by Brooks, Miles has been offered a deal that is reportedly 5-years and $27.5 million dollars.
Exclusive: SbB has learned Arkansas is engaged w/ reps of the interests of Les Miles & a $5-yr $27.5M offer is on the table
— SPORTSbyBROOKS (@SPORTSbyBROOKS) November 27, 2012
Since Brooks’ original report, other sources have confirmed that a deal has been offered, citing similar numbers in regards to the contract.
Miles signed a deal back in 2011 to stay at LSU for seven additional seasons, after he was reportedly offered the Michigan job. His current deal pays him $3.75 million per season, plus incentives and bonuses. There are no additional details of the deal to take the job in Fayettville, but it is likely to include those as well. This deal would pay him almost at an average of $2 million more a year.
The way this should play out is that Miles and his people take this offer back to LSU and he receives a nice bump in pay. It makes almost zero sense for him to leave Baton Rouge with what he has going there. He has continued to mold the program as his own since taking over for Nick Saban in 2005. He has won 2 SEC Titles and 1 BCS Title, and another appearance in the BCS title game last year. The only reason he would head out of town, to what would be a step down at Arkansas, would be for a money grab.
While many names have been floated, such as Chris Petersen and Mike Gundy, this is the first name that has been attached to specific offer since the coaching rumors began.
We don’t expect the Mad Hatter to end up with the Hogs, but crazy stuff happens in the SEC.