Texas Coach Steve Sarkisian Gets Huge Pay Raise With Contract Extension

Following a triumphant 12-win season, clinching the Big 12 title, and making a historic College Football Playoff entry in 2023, head coach Steve Sarkisian is set for a substantial contract extension as the University of Texas Board of Regents prepares to approve a deal that will nearly double his annual earnings based on exclusive information obtained by Inside Texas.

Steve Sarkisian’s Contract Upgrade

Details of Sarkisian’s upgraded contract reveal that in 2024, he is set to command an impressive $10.3 million, kicking off a fresh seven-year agreement extending through 2030. As part of the deal, his salary will see incremental growth, culminating in a peak of $10.9 million in the contract’s final year.

Beyond the monetary compensation, the extension includes perks that underscore the university’s commitment to supporting Sarkisian’s coaching endeavors. The coach will enjoy the luxury of two cars, receive an annual allocation of 20 hours of private aircraft flight time, access to exclusive club memberships, and secure a ticket allotment for all Texas games.

A Game-Changer in College Football

With these substantial enhancements, Steve Sarkisian is poised to become one of the highest-paid coaches in the sport in 2024. The contract solidifies his financial standing and positions him for up to $1.85 million in annual performance incentives.

Notably, $1.25 million of these incentives can be earned through achieving the pinnacle of success: winning the College Football Playoff. Comparatively, according to USA TODAY’s coaching salaries database, Sarkisian’s previous base salary of $5.6 million ranked 30th nationally among publicly available college football head coaching salaries.

The Future of Football

The new annual income of $10.3 million catapults Sarkisian into fourth place, nestled between Georgia’s Kirby Smart and Ohio State’s Ryan Day based on 2023 salaries.

Reflecting on his coaching record, Steve Sarkisian has amassed a commendable 25–14 record in his three years at Texas, including a solid 17–10 conference record. As the Longhorns gear up to enter SEC play in 2024, joining forces with rival Oklahoma, Sarkisian’s extended tenure promises an exciting era for Texas football.