Sark is the 10M dollar man
Posted: Thu Feb 22, 2024 12:43 pm
Steve Sarkisian is college football's latest $10 million man.
The University of Texas System board of regents on Thursday approved a raise and contract extension through 2030 for the Longhorns coach that boosts his guaranteed salary to $10.3 million this year.
The four-year extension makes Sarkisian one of the highest-paid coaches in the country after Texas won the Big 12 last season and earned its first appearance in the College Football Playoff.
The contract includes $100,000 annual raises that will push Sarkisian's guaranteed salary to $10.9 million by 2030. He also gets a one-time $300,000 bonus payment and 20 hours of personal use every year on the school's private plane.
Sarkisian also is eligible to earn more than $1.5 million in bonuses if the Longhorns win a national championship.
His original contract called for him to get paid $5.8 million in 2024. According to the regents' agenda, the raises are a 78% overall increase in Sarkisian's guaranteed compensation.