Wow...I know we don't want to copy content, but I couldn't resist.
Texas Tech Athletics Director Gerald Myers released this statement regarding Coach Mike Leach's contract:
“This ‘so called’ proposal is simply an offer for us to guarantee that Coach Leach could never be fired. It would cost us a maximum of $4.4 MILLION if we wanted to change coaches in the first year. It would cost Texas Tech millions in subsequent years of his five year contract.
“If Leach left Tech he would only pay Tech $500,000. Our proposal is a fair offer of $12.7 million for five years. Both Leach and Texas Tech would pay the same annually decreasing buyout figures. Leach’s agents’ proposal is not fair. We will not even respond to such a proposal.”