Post by Ticket Mouse on Nov 5, 2007 14:32:24 GMT -5
sports.espn.go.com/ncf/news/story?id=3095710
Source says Texas A&M, Franchione discussing settlement
ESPN.com news services
Updated: November 5, 2007, 2:12 PM ET
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Dennis Franchione's days as the head coach at Texas A&M appear to be numbered.
Franchione
Texas A&M is talking about buying out Franchione's contract, sources have told ESPN's Andre Ware.
Franchione has been in hot water with the university for a newsletter he was sending out to donors willing to pay $1,200 for inside information. In mid-October, Texas A&M officials admonished Franchione for his secretive, for-pay newsletter and said the embarrassing episode would be a factor in deciding whether he returns next season.
The school said it would report the results of an internal investigation to the NCAA because of possible rules violations, and Franchione was ordered to shut down his Web site, CoachFran.com. He also will receive a "letter of admonishment."
"The Aggies are embarrassed right now," athletic director Bob Byrne said in October. "This has been a very unfortunate incident we do not want to experience again."
Franchione, who came to Texas A&M from Alabama in 2003. He's 31-27 overall with the Aggies. He also coached at TCU and New Mexico.
Texas A&M is reportedly researching whether Franchione violated his contract with the income he received from the newsletter. If he is found in violation of the contract, the Aggies may not have to pay the coach anything upon firing him.
Franchione's contract pays him $2 million per season and runs through 2012. A buyout will be $141,667 per month for the remainder of the contract, or about $8 million. Ware reported Monday that Texas A&M is looking for a buyout in the $2 million range.
Ware reported that Texas A&M wants to talk to Auburn coach Tommy Tuberville for a potential vacancy. He reported that the school is working with Chuck Neinas, who runs a consulting firm specializing in hiring coaches.
Texas A&M is 6-4 this season heading into a game at Missouri on Saturday.
Information from The Associated Press is included in this report.
Source says Texas A&M, Franchione discussing settlement
ESPN.com news services
Updated: November 5, 2007, 2:12 PM ET
Comment
Dennis Franchione's days as the head coach at Texas A&M appear to be numbered.
Franchione
Texas A&M is talking about buying out Franchione's contract, sources have told ESPN's Andre Ware.
Franchione has been in hot water with the university for a newsletter he was sending out to donors willing to pay $1,200 for inside information. In mid-October, Texas A&M officials admonished Franchione for his secretive, for-pay newsletter and said the embarrassing episode would be a factor in deciding whether he returns next season.
The school said it would report the results of an internal investigation to the NCAA because of possible rules violations, and Franchione was ordered to shut down his Web site, CoachFran.com. He also will receive a "letter of admonishment."
"The Aggies are embarrassed right now," athletic director Bob Byrne said in October. "This has been a very unfortunate incident we do not want to experience again."
Franchione, who came to Texas A&M from Alabama in 2003. He's 31-27 overall with the Aggies. He also coached at TCU and New Mexico.
Texas A&M is reportedly researching whether Franchione violated his contract with the income he received from the newsletter. If he is found in violation of the contract, the Aggies may not have to pay the coach anything upon firing him.
Franchione's contract pays him $2 million per season and runs through 2012. A buyout will be $141,667 per month for the remainder of the contract, or about $8 million. Ware reported Monday that Texas A&M is looking for a buyout in the $2 million range.
Ware reported that Texas A&M wants to talk to Auburn coach Tommy Tuberville for a potential vacancy. He reported that the school is working with Chuck Neinas, who runs a consulting firm specializing in hiring coaches.
Texas A&M is 6-4 this season heading into a game at Missouri on Saturday.
Information from The Associated Press is included in this report.
