DALLAS — Texas Tech offered Mike Leach a five-year, $12.1 million contract that would place Leach among the top 15 highest-paid college football coaches.

Friday's offer would give Leach a raise and a three-year extension through 2013. Leach's current contract, a five-year, $10 million deal, expires after the 2010 season. Leach is set to make $5 million, which includes $1 million in contract completion bonuses, for the last two years of his contract. That would increase to $5.1 million under the new terms.

Tech athletic director Gerald Myers said Friday the new contract offer would pay Leach $7 million over the final three years. He said that could be divided any way as long as it didn't exceed $2.5 million in one season.

"We made what we think is a good, fair offer," Myers said. "It's an offer we feel that's fiscally responsible with all the other obligations in the department."

As has been the case with Leach in his nine seasons at Tech, Myers has been dealing directly with Leach's agents and hasn't visited with Leach since last Saturday's home finale. Tech chancellor Kent Hance said, however, that he had a "good visit" with Leach on Wednesday and that Leach told him he wants to remain at Tech.

Hance said Friday that he hopes to have an answer from Leach's agents by Monday.

"This is an offer we can live with. I wish we had an unlimited budget because we love Mike and want to make him happy," Hance said. "But at the same time, we have a fiscal responsibility that we have to adhere to. We hope that he will accept this and we can move forward."

Leach hasn't returned calls or text messages to his cell phone all week. Matt Baldwin, one of his agents at International Marketing Group in Minneapolis, said Friday that "we are not making any comments on this process."

Leach reportedly interviewed for the Washington job early this week, but he removed his name from consideration Thursday. Leach was also reportedly among potential candidates for the Auburn opening. But a Tech source with knowledge of Leach's contract talks told The Dallas Morning News on Thursday that Auburn officials told Tech they're not interested in Leach.

Leach's potential annual salary of $2.42 million would place him among the top three Big 12 coaches. He'd only trail Oklahoma's Bob Stoops and Texas' Mack Brown.

Myers and Hance said that a $3 million annual salary for Leach wasn't something Tech could afford.