Texas Tech & Leach Dispute over Contract
By: Import User
Updated: February 13, 2009
The negotiations between Texas Tech and Mike Leach are getting uglier.
Mike Leach's agents offering a counter offer this week and in a word Texas Tech with a "no" to the agents.
GERALD MYERS STATEMENT REGARDING IMGS PROPOSAL:
"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. Leachs agents proposal is not fair. We will not even respond to such a proposal.
