After leading Texas to its first College Football Playoff appearance, Texas head coach Steve Sarkisian is in line for an extension.
The Longhorns announced Jan. 14 that they reached an agreement with Sarkisian on a four-year contract extension keeping him at the helm through 2030.
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Details of Sarkisian’s contract extension have been revealed, according to multiple sources.
According to Mark Schlabach of ESPN, Sarkisian’s extension “will nearly double his annual compensation to more than $10 million per season through 2030.”
According to Danny Davis of the Austin American-Statesman, Sarkisian will earn $10.3 million during the 2024 season and make $100,000 annual increases through the end of the contract.
The University of Texas System board of regents are scheduled to meet Feb. 21-22 and expected to approve Sarkisian’s extension, according to ESPN.
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Among the details the board of regents are expected to consider within Sarkisian’s extension include 20 hours annually of personal use of a private aircraft provided by the university, annual performance incentives that max out at $1.85 million one of which being $300,000 for winning a conference championship, and a one-time payment of $300,000 before April 1, according to the Austin American-Statesman.
Sarkisian and the Longhorns will join the Southeastern Conference ahead of the 2024 season thanks to conference realignment. They’ll be joined by fellow Big 12 departure Oklahoma.
