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Texas Tech to pay Mark Adams greater than $4 million, types coach search committee

LUBBOCK, Texas (KCBD) – Mark Adams will receive more than $4 million to step away from coaching his alma mater’s basketball program.KCBD has obtained the release and settlement agreement between Adams and Texas Tech University through an open records request.It shows Tech will pay Adams $3.9 million, plus an already-earned retention bonus of $200,000. He

Texas Tech to pay Mark Adams greater than $4 million, types coach search committee

LUBBOCK, Texas (KCBD) – Mark Adams will obtain greater than $4 million to step away from teaching his alma mater’s basketball program.

KCBD has obtained the discharge and settlement settlement between Adams and Texas Tech College via an open data request.

It exhibits Tech can pay Adams $3.9 million, plus an already-earned retention bonus of $200,000. He may also obtain some end-of-year bonuses for educational efficiency.

Had Tech fired Adams with out trigger, the college would have owed him roughly $7.5 million.

The settlement settles any claims and causes of actions both sides has in opposition to the opposite. Tech can pay Adams inside the subsequent 30 days. The doc additionally states it’s not an admission of wrongdoing by both aspect.

Adams resigned as head coach Wednesday evening after the Pink Raiders misplaced within the opening spherical of the Huge 12 Match. Tech suspended Adams on Sunday for what the college described as a racially insensitive remark he made to a participant.

KCBD additionally realized Friday that Tech has appointed an inside search committee and employed search agency, Turnkey, to help within the recruiting and hiring of a brand new coach.

The interior committee contains Texas Tech Athletics Director Kirby Hocutt, regent Dusty Womble, Head soccer coach Joey McGuire and former Pink Raider basketball participant Norense Odiase.

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