Texas football coach Steve Sarkisian has some awesome perks in his mega-millions contract.
The Texas Longhorns fired Tom Herman and ushered in a new era after hiring former Alabama Crimson Tide offensive coordinator Steve Sarkisian as their new head coach. A season and national championship run with the Tide was all it took to rehabilitate Sarkisian’s image after his stints with the Atlanta Falcons and USC Trojans didn’t go so well.
The Longhorns got their man in Sarkisian but at what cost? Details of Sarkisian’s unprecedented contract are emerging and there doesn’t seem to be a shortage of commas.
Details regarding Texas head coach Steve Sarkisian’s contract
According to the Texas Tribune, Sarkisian’s guaranteed compensation will be approved by the UT Board of Regents later this week and it’s unlike anything the program has ever seen. Sarkisian’s contract is reportedly worth at least $5 million more than Herman’s contract and $10 more than Charlie Strong.
The six-year contract worth almost at least almost $35 million. Sarkisian will make $5.2 million in his first season and is guaranteed a $200,000 raise each year. His contract also includes two dealership cars, 20 hours of private airplane use per year and a $250,000 relocation and temporary housing allowance.
If that wasn’t enough, he’ll also be the recipient of a one-time payment of $1.2 million if he is still head coach on Dec. 31, 2024. All funds will come from Texas Athletics, whose budget includes revenue from multiple sources including licensing, broadcasting rights, ticket sales, and donors.
Talk about a payday.
Hopefully, the funds and perks provided to Sarkisian will result in wins for the Texas football program in the near future. They certainly have a ton of questions to answer heading into the spring and as details of this contract emerge, the expectations are sure to be grand.