Steve Sarkisian’s New $74.2 Million Contract Extension Includes Plenty Of Perks And Incentives
Steve Sarkisian, the head coach of the University of Texas, has come a long way since being sacked by USC in 2015 due to accusations that he was frequently arriving at practices inebriated and had previously been intoxicated during a game versus Arizona State.
After leading the Texas Longhorns to a 12-2 record, the Big 12 Conference title, and a spot in the College Football Playoffs, Sarkisian’s redemption narrative has become even more remarkable.
Steve Sarkisian will make $74.2 million over the next seven years thanks to a new contract extension he signed with the University of Texas, up from $5.6 million last year.
The wage increase should propel Sarkasian from thirty-ninth place on the list of highest paid coaches to well inside the top five, according to USA Today’s salary database.
In contrast, Ohio State’s Ryan Day made $10,271,250 in 2023, Kirby Smart of Georgia made $10,705,600, and Clemson’s Dabo Swinney made $10,884,775.
There are a ton of benefits and incentives included in Steve Sarkisian’s new contract.
Sarkisian will receive $10,300,000 in 2024, which will increase to $10,900,000 in 2030. He will also receive two cars, membership in the country club, twenty hours of personal jet flight time annually, a special one-time payment of $300,000, and up to twelve tickets for all home games (including premium parking passes), eight tickets for road games, eight tickets for the conference championship game, eight tickets and a suite for all post-season games, and six tickets for all home games played by every other University of Texas sport.
Along with an additional $1.85 million in incentives, Sarkisian can also
The CFP incentives will only be paid out once, so the total amount will depend on how far Texas advances in the playoffs rather than increasing as bonuses are earned each round.
Along with Sarkisian’s new contract, three of his assistants will also see increases in their compensation.
By 2025, Pete Kwiatkowski will make $2 million, Jeff Banks will make $1.5 million, and Kyle Flood will make $1.4 million.
