Jeff Gross / Getty Images file

Oklahoma State coach Les Miles went 28-21 in four seasons with the Cowboys.

updated 5:29 p.m. ET Jan. 12, 2005

BATON ROUGE, La. - LSU coach Les Miles will receive a seven-year contract worth $1.25 million annually, a deal similar to the one the Tigers gave Nick Saban when he was first hired.

Upon approval by the LSU Board of Supervisors, Miles’ base salary will be $300,000 a year with an additional $600,000 for radio, television and internet work, LSU said Wednesday in a news release.

Miles will also receive $300,000 a year from the Tiger Athletic Foundation with an additional $50,000 coming from shoe and equipment contracts, the school said. The deal includes an additional $200,000 per year in deferred compensation.

Miles was hired from Oklahoma State on Jan. 3 to replace Saban, who left LSU to coach the Miami Dolphins.

Saban had the nation’s richest contract for a college football coach: a seven-year, $18.45 million deal he signed after winning a share of the national title for LSU in 2003.

Saban’s original LSU contract in 1999 paid him $1.2 million annually.

Miles has several incentive clauses in his deal. He will receive $50,000 in additional compensation if he leads LSU to a bowl game, or $100,000 for leading the Tigers to the Bowl Championship Series. 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. And he can earn extra compensation based on his team’s academic achievement, the news release said.

However, the contract limits additional compensation in any given year to $400,000.

Miles’ contract includes a $500,000 buyout clause if he were to leave LSU at any time during the term of the contract.

The Board of Supervisors is expected to approve the contract at its Jan. 20 meeting.

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