Steve Sarkisian Receives Contract Extension and Salary Boost to $10 Million

Steve Sarkisian, head coach of the Texas Longhorns, has become the latest $10 million man in college football. On Thursday, the University of Texas System Board of Regents approved a contract extension that boosts Sarkisian’s guaranteed salary to $10.3 million in 2024 and secures him through the 2030 season. This raise reflects the Longhorns' recent success and their upcoming move to the Southeastern Conference (SEC).

Key Details of Sarkisian’s New Contract

Under the terms of the new deal, Sarkisian’s guaranteed compensation will increase steadily, reaching $10.9 million by 2030. In addition to his base salary, Sarkisian will receive:

• $100,000 annual raises through 2030.
• A one-time $300,000 bonus payment.
• 20 hours of personal use of the school’s private plane annually.
• Potential performance bonuses exceeding $1.5 million if Texas wins a national championship.

This extension comes after Sarkisian’s original 2024 contract, which was set at $5.8 million, saw a 78% increase in guaranteed compensation.

Texas Longhorns' Success Under Sarkisian

Sarkisian’s raise is a reward for his impressive performance with the Longhorns. In 2023, Texas won the Big 12 championship and finished the season 12-2, ranking No. 3 nationally. Although the Longhorns narrowly lost to Washington in a 37-31 thriller during the College Football Playoff semifinals, the team’s overall success signals a bright future as they transition into the SEC.

In his three seasons with Texas, Sarkisian has compiled a 25-14 record, building a competitive program with a blend of offensive firepower and strategic coaching. The university has also secured extensions for other key staff members, including offensive coordinator Kyle Flood, defensive coordinator Pete Kwiatkowski, and tight ends coach Jeff Banks.

What’s Next for Texas Football and Sarkisian

With Texas moving to the SEC in 2024, Sarkisian faces new challenges in one of the most competitive conferences in college football. However, the Longhorns' performance last season has set high expectations, and with the new contract in place, Sarkisian has the full backing of the administration to build on this momentum.

The Longhorns are also expected to benefit from Sarkisian’s recruiting prowess and strategic vision. If the program continues on its upward trajectory, Sarkisian could earn performance-based bonuses that further cement his position as one of the top-paid coaches in the country.

Conclusion: Sarkisian’s Legacy at Texas

Steve Sarkisian’s contract extension and raise mark a significant milestone in his career and Texas football’s journey to reclaim national prominence. With his salary now in line with other elite college football coaches, Sarkisian is well-positioned to guide the Longhorns through the SEC transition and pursue championship glory. The pressure will be on, but Sarkisian’s leadership and the Longhorns’ recent success suggest that brighter days lie ahead for Texas football.

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FAQs

1. How much is Steve Sarkisian’s new salary?
Sarkisian’s guaranteed salary is now $10.3 million, with annual raises pushing it to $10.9 million by 2030.

2. What bonuses can Sarkisian earn under the new contract?
Sarkisian can earn over $1.5 million in bonuses if Texas wins a national championship.

3. How did the Texas Longhorns perform last season?
Texas finished 12-2 in 2023, won the Big 12 championship, and reached the College Football Playoff semifinals, narrowly losing to Washington.

4. What are the terms of Sarkisian’s personal benefits?
Sarkisian receives 20 hours of personal use of the school’s private plane annually and a $300,000 one-time bonus.

5. What challenges lie ahead for Sarkisian and Texas?
With Texas moving to the SEC in 2024, Sarkisian will face stiffer competition, but the Longhorns’ recent success provides a strong foundation for future championships.