LSU is "prepared" to part ways with coach Les Miles, multiple sources have told Yahoo Sports.
Sources described the potential buyout of the former national champion coach as "staggering," but said money will not deter LSU from firing Miles, sources said.
The decision is not final, sources said.
LSU has lost three straight games after starting the season 7-0. Miles, who won the national title in 2007 and has won 78 percent of his games at LSU, has been under increasing fire during that losing streak.
Miles is 110-32 in his 11 seasons at LSU. He is the second-winningest coach in school history, behind only Charlie McClendon.
Miles has never had a season worse than 8-5, and has won 10 or more games seven times. But he has also lost three or more games four years in a row, including this season, and LSU's losing streak against rival Alabama – and former LSU coach Nick Saban – has now reached five games.
Miles is being paid a reported $4.4 million per year, making him the ninth-highest-paid coach in the country.