A&M officials have reportedly "examined Dennis Franchione's contract to determine if he violated the terms of his deal" (link to a section of his contract). The university investigation has determined that the VIP Connection newsletter did not violate any NCAA rules nor did its earnings violate IRS law.

To the untrained eye, it would seem that the newsletter could be a "business transaction or commerce... that may cause discredit to the UNIVERSITY" and therefore a breach of contract. However, my lawyer says that it would be hard to prove that the newsletter discredited the university. While the newsletter arguably harms the reputation of (discredits) Fran, that harm is not necessarily felt by the university. This clause is "geared more towards making disparaging comments" than dip shit business ventures (the dip shit part is mine, not my lawyer's).