Contract Analysis: What Texas A&M Must Pay Mike Sherman to Leave

Texas A&M was hoping that Mike Sherman would lead their team to a Big 12 Championship this season, but they finished the regular season a disappointing 6-6.  Sherman was fired on Thursday (Dec. 1) after just one winning season in his four years with A&M.  In his farewell address, Sherman said “I’m disappointed and accountable, but I’m proud of these men and even prouder to be called their coach… saying goodbye to them was one of the most difficult things I’ve ever had to do in my life. It was gut-wrenching to say the least.”

What happens next? A&M is hoping that Sherman is looking for a new job because until he finds one, they will have to pay him $150,000 a month through March 2015.  This amounts to an additional $5.9 million.  In the meantime, based on the murmurings and denials, it looks like there’s a good chance the next head coach for A&M is the current head coach for Houston, Kevlin Sumlin.

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