Head coach Les Miles owns an 85-20 record in eight years at LSU. (Sam Greenwood/Getty Images)
One day after word leaked that LSU head football coach Les Miles had a five-year, $27.5-million offer from Arkansas on the table, Miles received an extension and raise from LSU, the school announced.
Details of the contract are still in the negotiation process, according to the school's press release, which contained the following comments from athletic director Joe Alleva:
"Les Miles is one of the premier coaches in the country and has LSU in contention for championships year in and year out. 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 coaching business is a competitive one and it is important to compensate our coach for his accomplishments and his worth. Les has not received a pay increase since his salary was automatically elevated following our national championship in 2007 and he has continued to keep LSU on the national stage.
"Our intent was to address his contract following this year's bowl game, but speculation about other job opportunities accelerated our process a little. I think we have accomplished the important step of securing Les Miles as our head coach for the long-term good of the program."
The Associated Press' Brett Martel first reported the extension on Twitter.
Miles is in the midst of another strong season, as the No. 7 Tigers finished 10-2 overall and 6-2 in the SEC after topping the Razorbacks 20-13 last Friday. The coach owns an 85-20 record in eight years at LSU. He was previously a head coach at Oklahoma State from 2001 to 2004, after serving as an assistant for four different teams dating back to 1980.
In both 2007 and 2011, Miles was considered a candidate to leave LSU for Michigan, where he played as an offensive lineman in 1974-75 and coached as an assistant in 1980-81 and from 1987-94.