We can finally call this Les Miles/Arkansas charade complete and done. In a press conference this afternoon, AD Joe Alleva confirmed Miles was indeed staying at LSU and would be signing a 7 year extension. That extension will also be accompanied by a raise but declined to comment on how much exactly, but the internet seems to think it's in the neighborhood of $500k annually.
Alleva alluded to the fact that this extension was already in the works & it may well have been. Maybe it was taking too long and Miles got his friend up at Arkansas in AD Jeff Long to hurry things up. Miles is already paid in the top 5 of college coaches. In other words, instead of only one dump truck of cash, he's now getting multiple.