A look at Coach Mike Leach's contract - KCBD NewsChannel 11 Lubbock

12/29/09

A look at Coach Mike Leach's contract

LUBBOCK, TX (KCBD) - If Coach Leach stays employed with Texas Tech University through Friday, January 1st, he will be paid $800,000 bonus, which is part of his contract agreement.

In February, Leach and Tech agreed to a five-year, $12.7 million deal that could keep him at the school through 2013.

The contract includes a $250,000 bonus if Leach and Tech win the national championship, a $75,000 bonus if Tech participates in a BCS bowl and a $50,000 bonus if Leach is picked as national coach of the year

If Tech terminates the contract, the school must pay Leach $400,000 for each year remaining on the agreement. There is no buyout amount.

If Tech terminates the contract before Friday, Leach does not receive the $800,000 bonus. 

©2009 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Coverage of Mike Leach Suspension
Just days before the Red Raiders play in the Alamo Bowl, Texas Tech administration suspended Coach Mike Leach indefinitely pending an investigation into his treatment of a Tech player. Click here for continuing coverage.
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