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.
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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.