Steve Sarkisian, head coach of the University of Texas football team, has secured a lucrative contract extension that solidifies his position as one of the highest-paid coaches in college football. The University of Texas System Board of Regents approved the raise, boosting Sarkisian's guaranteed salary to an impressive $10.3 million for this year and extending his contract through 2030.
Following Texas' victory in the Big 12 last season and their first-ever appearance in the College Football Playoff, Sarkisian's four-year extension includes annual raises of $100,000, ultimately reaching a guaranteed salary of $10.9 million by 2030. In addition to the salary increase, Sarkisian will receive a one-time $300,000 bonus payment and 20 hours of personal use annually on the school's private plane.
If the Longhorns secure a national championship, Sarkisian stands to earn over $1.5 million in bonuses. This extension marks a significant 78% overall increase in Sarkisian's guaranteed compensation, with his original contract slated to pay him $5.8 million in 2024.
With Texas finishing the previous season with a 12-2 record and a No. 3 ranking, the contract approval was anticipated. The Longhorns' move to the Southeastern Conference next season adds further excitement to the team's future prospects under Sarkisian's leadership.
Alongside Sarkisian, contract extensions were also approved for tight ends coach Jeff Banks, offensive coordinator Kyle Flood, and defensive coordinator Pete Kwiatkowski. The University of Texas football program is gearing up for continued success with a strong coaching staff and a promising outlook for the seasons ahead.
Sarkisian, at 49 years old, has amassed a record of 25-14 in his three seasons at Texas, demonstrating his ability to lead the team to competitive heights. The Longhorns' recent achievements and the generous contract extensions for the coaching staff signal a commitment to excellence and a drive for continued success in the world of college football.
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