Big 12 News

Steve Sarkisian Set to Receive New Contract Worth Over $10 Million Annually

Syndication: Austin American-Statesman

Details behind Steve Sarkisian’s contract extension with the Texas Longhorns were revealed on Saturday, which is set to make Sarkisian college football’s third highest-paid coach.

Sarkisian’s deal will keep him in Austin through 2030 and will carry an annual salary of $10.3M. In addition to the base salary, Sarkisian will earn a $100,000 annual raise through each year of his deal.

 

The seven-year, $74.2 million deal, trails only Clemson’s Dabo Swinney and Georgia’s Kirby Smart in annual salary. On top of the massive numbers, Sarkisian has a chance to add an extra $1.85M per year through contract incentives.

Sarkisian’s original deal included a salary of $5.6 million in 2023 and after a $5.8M raise, Sark will net a salary of 10.3 million dollars. The deal also includes some incentives outside of salary including two dealership cars, a country club membership, private jet use, and a one time payment of $300,000 made prior to April 1st, 2024.

The extension for Sarkisian came following Nick Saban’s decision to retire as head coach of Alabama. The Crimson Tide eventually elected to hire former Washington head coach Kalen DeBoer as Saban’s successor. In addition to Sarkisian, Texas also agreed to an extension with special teams coordinator Jeff Banks.

Since accepting the job in Austin, Sarkisian boasts an overall record of 25-14 and 17-10 in conference play. Sark led the Longhorns to a Big 12 Championship in 2023 and a College Football Playoff appearance before falling to the Washington Huskies 37-31.

With Texas heading to the SEC in 2024, the program agreed to terms with one of the brightest coaches in college football. Texas kicks off their season on Saturday, August 31st against the Colorado State Rams.

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