Before their winning streak last year, he was on the hot seat. Unless they totally collapse, I can't see them firing the coach while paying the exit fees and likely on a reduced revenue stream for a couple years as they ease into the SEC. Big donor or no, they wouldn't do that would they?
Texas A&M rewarded football coach Mike Sherman with a raise and a year's extension, but also gave itself the option of adding two years to the contract and added a sliding buyout.
Sherman, who is 19-19 in three seasons, will be paid $2.2 million per year through March 2016, with A&M holding options for 2016 and 2017.
Sherman's current seven-year contract was scheduled to run through 2015 and it paid him $1.8 million annually. That contract, signed in December 2007, didn't have a buyout clause. Under the new agreement approved by Texas A&M's Board of Regents on Friday, Sherman would be paid $1.8 million if the pact would be terminated by A&M without cause before March 2012. The buyout would drop to $1.44 million in 2013, eventually sliding to $500,000 in 2016.
They could fire him at the end of the season for less than it would take to keep him for the next year.
When he was hired he said something similar to "it's not for the money and if I'm not getting it done I'll resign", which is probably why the buyouts are so small.
I'm not saying they will fire him but his contract does not prohibit them doing so.
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