Published By: Sports Desk
Last Updated: February 23, 2024, 00:00 IST
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Steve Sarkisian is school soccer’s newest $10 million man.
AUSTIN, Texas: Steve Sarkisian is school soccer’s newest $10 million man.
The University of Texas System Board of Regents on Thursday authorised a increase and contract extension for the Longhorns coach that reinforces his assured wage to $10.3 million this yr and indicators him by 2030.
The 4-yr extension makes Sarkisian one of many highest paid coaches within the nation after Texas gained the Big 12 final season and earned its first look within the College Football Playoff.
The contract consists of $100,000 annual raises that may push Sarkisian’s assured wage to $10.9 million by 2030. He additionally will get a one-time $300,000 bonus fee and 20 hours of non-public use yearly on the varsity’s non-public aircraft.
Sarkisian is also eligible to earn greater than $1.5 million in bonuses if the Longhorns win a nationwide championship.
His authentic contract referred to as for him to receives a commission $5.8 million in 2024. According to the regents’ agenda, the raises are a 78% total enhance in Sarkisian’s assured compensation.
The contract approval was anticipated. The extension was introduced in January and the board revealed monetary particulars of their assembly agenda final week.
Texas completed 12-2 and ranked No. 3 final season after a 37-31 loss to Washington in a nationwide semifinal that got here all the way down to the ultimate play. The Longhorns gained the Big 12 of their closing season within the league. Texas strikes into the Southeastern Conference subsequent season.
Sarkisian, 49, is 25-14 in his three seasons at Texas.
Texas regents additionally authorised contract extensions for tight ends coach Jeff Banks, offensive coordinator Kyle Flood and defensive coordinator Pete Kwiatkowski.
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AP school soccer: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – Associated Press)
