Mike Leach Finally Agrees To New Tech Contract

The DALLAS MORNING NEWS is reporting that the ugly contract standoff between Mike Leach and Texas Tech is finally over. The school has called a 6 p.m. Central Time press conference to announce that Leach has agreed to a deal that will keep him in Lubbock through 2013.

Mike Leach

The key is that there is no buyout clause in the contract, and Tech doesn’t need to give permission for Leach to interview for another job as long as he notifies the school. In other words, this new contract seems to make it fairly easy for Leach to bail on the Red Raiders for another job.

More details after the jump.

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Leach, Texas Tech Still Squabbling Over Contract

It woud be pretty hard to argue that Mike Leach has been the most successful football coach in Texas Tech history. Since coming to the school in 2000, Leach has compiled a record of 76-39, and with seven more wins he’ll become the winningest coach in school history. More importantly, his offensive gameplans have helped put the Red Raiders on the national map. So it’s no surprise that he’d like a contract extension at the school, and that the school would want to give him one.

 Mike Leach Texas Tech coach

(”You believe what they’re trying to do to me?“)

Of course, those contract negotiations haven’t been very pretty. Talks between both sides have been going on for over a year, but have recently reached an impasse. Leach and his agents have absolutely no problem with the five years and $12.7 million the school is offering, but there are four little clauses in the deal that are going to keep Leach from signing it anytime soon.

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