Joey McGuire, Texas Tech’s new head football coach, will reportedly receive $20.2 million over a six-year contract as he prepares to lead the Red Raider program.
McGuire was formally introduced at a news conference on Tuesday.
McGuire will make $3 million for his first year at Tech. He is joining the Red Raiders immediately but will not coach until the season ends. Interim head coach Sonny Cumbie will continue to run the team through the end of the season.
McGuire is eligible for up to $1 million in bonuses each season.
Along with the deal, McGuire will be able to tap into a $4.8 million poll to hire assistant coaches, and $1.85 million to hire his strength, conditioning and support staff. Per reports, that is more than $1 million than former head coach Matt Wells received.
Texas Tech will be responsible for paying McGuire’s buyout at Baylor, which will be just $500,000. McGuire had been with Baylor for five seasons and was largely credited with the Bears’ overall recruiting efforts while coaching multiple postion groups.
McGuire led Cedar Hill High School to three Texas state championships, 12 consecutive playoff appearances and a 141-42 record. He was inducted into the Texas High School Coaches Association Hall of Honor in 2020. McGuire’s hiring led two Cedar Hill players to commit to playing for the Red Raiders before McGuire’s press conference on Tuesday — Jalon Peoples and Harvey Dyson.
Texas Tech hosts Iowa State this weekend in Lubbock.
You can find Matthew Postins on Twitter @PostinsPostcard.
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