Mike Leach Rejects Contract Extension Offer

Photo from AP Photo

Negotiations on a contract extension between Texas Tech football coach Mike Leach’s agents and the university have reached a stalemate after almost a yearlong dialogue recently took a turn for the worse.

Tech has given Leach a Feb. 17 deadline to accept an offer of $12.7 million for five years – through 2013 – following athletic director Gerald Myers’ early December offer of $12.1 million.

But Leach’s agents at International Marketing Group aren’t pleased with four provisions in the most recent offer, according to 92 pages of e-mails and letters between the parties obtained Friday by The Dallas Morning News through an open records request.

The sticking points involve termination compensation, a buyout offer, a penalty for interviewing without permission and personal property rights.

Full Story: Dallas Morning News