Sarkisian, the coach of Texas, will now earn almost $10 million annually in pay.
Texas’s Austin (AP) After leading the Longhorns to the Big 12 title and their first-ever College Football Playoff berth, Texas coach Steve Sarkisian will become one of the highest-paid coaches in the nation with his contract extension, which will increase his guaranteed pay to $10.3 million this year.
Texas did not disclose the financial terms of the contract renewal through the 2030 season when it made the announcement last month. The University of Texas System Board of Regents, which released the deal’s specifics on the board agenda on Saturday, is scheduled to approve it the following week.
By the time the agreement ends, Sarkisian’s guaranteed pay will have increased to $10.9 million, thanks to $100,000 in yearly increments. In addition, he receives a one-time $300,000 incentive and 20 hours of annual personal usage of the school’s own aircraft.
If Sarkisian’s Longhorns win a national championship, they might receive bonuses of over $1.5 million.
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According to his initial deal, he would receive $5.8 million in 2024. The increases represent a 78% rise in Sarkisian’s guaranteed pay overall under the regents’ plan.
Chairman of the Board of Regents Kevin Eltife stated, “Coach Sark is an incredible coach, a first-class person, and a tremendous leader of men,” when Texas first announced the extension on January 14. “Coach Sark has brought the pride and passion back to our program.”
Texas lost 37-31 to Washington in a national playoff that went down to the very last play, but they still ended 12-2 and were ranked third the previous season. In their last year in the league, the Longhorns emerged victorious in the Big 12. Next season, Texas will play in the Southeastern Conference.
With Texas, Sarkisian, 49, has a 25-14 record after three seasons.
In January, Sarkisian stated, “We’re just getting started.”” This program has been designed with long-term success in mind.
Additionally, Texas is extending the contracts of Pete Kwiatkowski, Kyle Flood, the offensive coordinator, and Jeff Banks, the tight ends coach.
