See what I said was right. It sounds like a psychological thing more than an issue with the contract. His contract was set up just like any other according to this. It doesn't even sound like for sure something is lined up...although you'd think it would be. I've always said he seems very desperate to be a HC and you could probably get him cheaply too if for a change an AD was smart enough not to overpay.
From the article:
This move by the coach seems like an announcement to the college football world:
I’m open for business, fellas. He’s ready to work again, prepared to run out of some tunnel and win some damn games with a dern strong team, as he might say.
LSU was on the hook for, roughly, $1.6 million a year for the next four years. That would have been offset with any new salary. If Miles took a job for a $1 million salary, LSU would pay $500,000. If a new job paid him $2 million a year, LSU would owe him nothing.
In a way, the buyout prevented Miles from pursuing jobs that would pay him less than $1.6 million. He’s making that amount while sitting on the couch anyhow. And if he did take a job that paid him more than $1.6 million, well, the university that canned him would get off scot-free the rest of the way. So, Miles took the $1.5 million check, and the school quickly wrote it, because this is a good thing for them, of course. In the end, LSU paid a total buyout of about $4.5 million to fire the coach—instead of $9.5 million.
For Miles, there is only one problem with leaving that $5 million on the table: What if he doesn’t get another job? That’s why this move is
so Les Miles. This is a coach, remember, who attempted five fourth downs in a single game one night. He’s called for more fake field goals than you’ve got fingers. In the 2016 season opener against Wisconsin, after an offseason spent promising to overhaul his old-school offense, he ran a toss dive behind center—a figurative middle finger to his athletic director watching from a suite above Lambeau Field. Les Miles is bold and on Thursday he proved it more than ever, giving his former employer—of all people—an early Christmas present.
This is a roll of the dice, a push-all-your-chips-to-the-middle move, but this is Les Miles, the way he always has been and the way he'll always be. He's a gambler, and he just bet heavy on himself.
https://www.si.com/college-football/2018/11/15/les-miles-lsu-buyout-kansas-colorado-coaching-search