OT: Texas Tech and Mike Leach

Post #1 » by **ReasonablySober** » Thu Feb 19, 2009 5:50 am

Leach has two years left on his deal. Tech offers him an extension. Money is fine, but:

- Only 12% would be owed if he's fired
- The buyout goes from $500k to $1.5 million
- He would need permission to speak to any other school
- Tech gets money for any speaking engagements Leach participates in

All are basically BS and unreasonable. Leach turned it down. So now Tech is considering firing him.

He's got two years left on his deal, Tech offers a crummy extension and Leach say, 'No thanks, I'll finish my current deal', so Tech is looking to can him.

What a joke.

Ill-yasova · Post #2 » by **Ill-yasova** » Thu Feb 19, 2009 7:48 am

Come on this is Texas we're talking about. The success and tradition. He should thank God he even has an opportunity to ......... Oh you said Texas Tech.

bigrich88 · Post #3 » by **bigrich88** » Thu Feb 19, 2009 12:52 pm

Texas Tech is looking real stupid right now.

Ryan5UW · Post #4 » by **Ryan5UW** » Thu Feb 19, 2009 12:53 pm

I thought I heard something about their being a monetary penalty for interviewing for another job. I don't remember what I heard the number was, but it was significant, like 6 or 7 figures.

ETA:

(from ESPN)

The provision that bothers Leach most is one that would trigger his firing and a $1.5 million penalty if he interviews for another job without athletic director Gerald Myers' permission. Leach's current deal has no such restriction.