Steve Sarkisian just cashed in big time with the University of Texas, becoming one of college football's most highly compensated coaches. The University of Texas System Board of Regents opened up their deep pockets on Thursday, giving Sarkisian a hefty raise and a contract extension that's keeping him in burnt orange until the year 2030. Now, the man's pulling in a cool $10.3 million annually, as pointed out by KXAN.
Last season's crowning achievement as Big 12 champs and their first foray into the College Football Playoff seems to have sweetened the pot for Sark. His freshly inked deal not only comes with a guaranteed bump to $10.9 million by the end of the decade, complete with yearly $100,000 raises but also tacks on a one-time bonus of $300,000 and yearly personal jet time.
Not stopping there, Sark's bonus structure could see him netting over $1.5 million if he leads the Longhorns to a national championship, according to the details laid out last week by the regents. The man who once was set to earn a modest $5.8 million in 2024 is looking at a stunning 78% increase in his guaranteed compensation, KWTX reports.
Success has its perks, it seems, with Texas finding itself at the No. 3 spot last season, ending 12-2 after a nail-biting 37-31 loss to Washington. Snagging the Big 12 in their final season before jumping over to the Southeastern Conference, the Longhorns and their head coach, who boasts a 25-14 record over his three seasons, seem all set for a bright future. The Texas regents didn't stop with Sarkisian - extending the contracts for tight ends coach Jeff Banks, offensive coordinator Kyle Flood, and defensive coordinator Pete Kwiatkowski as well.
