With a new contract extension, Texas coach Steve Sarkisian will earn over $10 million annually.
Under Steve Sarkisian, Texas football finally lived up to the hype in 2023, winning the Big 12 and making it to the College Football Playoffs for the first time.
For Sarkisian, the 12-win season with the Longhorns proved to be extremely profitable. This coming week, the University of Texas board of regents is scheduled to approve an extension of the football coach’s contract, which will almost treble his yearly salary.
Details of Sarkisian’s new contract were obtained by Inside Texas from the agenda of the board of regents meeting. In 2024, the Longhorns coach will start receiving $10.3 million in salary, and a new seven-year contract will start in 2024 and extend through 2030. Under the terms of the agreement, his pay will rise by $100,000 year and reach a maximum of $10.9 million in 2030.
In addition, Sarkisian will get two automobiles to utilize, 20 hours of annual private aircraft flying time, club memberships, and a ticket allotment for all Texas games, according to the agenda.
Sarkisian’s contract allows him to receive annual performance incentives of up to $1.85 million, of which he may earn $1.25 million by winning the College Football Playoffs.
In terms of publicly accessible college football head coaching wages, Sarkisian’s base compensation from the previous season was $5.6 million, placing him 30th in the nation, according to USA TODAY’s coaching salaries database. Based on 2023 salary, Sarkisian’s new $10.3 million yearly pay would put him in fourth place, between Kirby Smart of Georgia and Ryan Day of Ohio State.
In his three years at Texas, Sarkisian had a 25–14 record with a 17–10 conference record. Along with rival Oklahoma, the Longhorns will join the SEC in 2024 and start playing.
