Texas has shattered all records and athletic department norms with new football staff contracts that will pay out millions in multi-year guaranteed deals.
The UT System Board of Regents are set to approve new football coach Steve Sarkisian’s six-year guaranteed contract worth approximately $34.2 million, a deal longer and more lucrative than what previous coaches Charlie Strong and Tom Herman received initially.
The Longhorns also will have two coordinators and a special teams coordinator making at least $1 million annually, totals once considered unbelievable and unreasonable figures for assistants but now are commonplace.
Sarkisian’s annual salary starts at $5.2 million for the 2021 season and escalates by $200,000 each year until topping out at $6.2 million in 2026, according to the information posted late Friday in the UT regents agenda.
UT regents must approve all multi-year contracts or contracts that go over $1 million in value. The regents are scheduled to meet Wednesday and Thursday.
All money used within UT athletics is generated most through TV revenue, ticket sales and private donations. No public money is used to fund any aspect of the Longhorns' athletic department.
Texas breaks the bank for Sark, new assistants