Thanks to a helpful reader, I tracked down the Dan Patrick podcast with the Les Miles interview. First, a clarification: Miles did not say "I was loyal to Michigan, Michigan was not loyal to me." Dan Patrick said that later.
First, the relevant section of the Miles interview:
The Free Press transcript was from a portion of the interview replayed on the third hour of the show, in which he hammers at Miles for this Michigan provision in his contract. Miles seemed confused by the questioning, and with good reason: Patrick misunderstands the provision completely. He thinks it's an out like the one Urban Meyer supposedly had for M/ND/OSU; it is not. There is an extra punitive buyout in Miles' contract if he accepts the Michigan job. So his Tough Questions about it make no sense.
There is some buzz that Michigan, pressured by fans and former players, is finally talking to Miles seriously, but this interview doesn't seem to be a "please hire me, please" plea like it was reputed to be.