Oct 26, 2013; Tampa, FL, USA; Louisville Cardinals head coach Charlie Strong reacts and points against the South Florida Bulls during the second half at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports

Texas Longhorns: Taking a Closer Look at Charlie Strong’s Contract

Dec 28, 2013; Orlando, FL, USA; Louisville Cardinals head coach Charlie Strong is presented with the Russell Athletic Bowl trophy after defeating the Miami Hurricanes at Florida Citrus Bowl Stadium. Mandatory Credit: Rob Foldy-USA TODAY Sports

Dec 28, 2013; Orlando, FL, USA; Louisville Cardinals head coach Charlie Strong is presented with the Russell Athletic Bowl trophy after defeating the Miami Hurricanes at Florida Citrus Bowl Stadium. Mandatory Credit: Rob Foldy-USA TODAY Sports

On Jan. 15, 2014 Charlie Strong’s contract became official. The former Louisville head coach signed a five year deal at Texas with a base salary of $5 million per year. This puts the new Longhorn head coach in rarified air. Strong becomes the third coach in the $5 million club – joining Alabama’s Nick Saban and Texas A&M’s Kevin Sumlin.

HookemHeadlines takes a closer look the term sheet for the 29th head football coach in the history of the university.

The first item to catch our eye is Strong’s buyout. Texas will pay Louisville $4.375 million for hiring Strong away from the Cardinals. This means that Strong will cost the university $9.375 million in 2014.

Win or lose, Strong will earn an annual raise of $100,000 for the term of the contract. This will look like a steal if he brings a national championship to the Forty Acres; not so much if the team wins six games.

There are additional incentives that could earn Strong even more money:

  • Academic performance incentives – $25,000-75,000 depending on the team’s overall GPA. It is safe to assume Strong is aiming high following these comments.
  • A National championship will earn him a $250,000 bonus (just making it to the big game is worth $100,000). A Big 12 championship is worth $100,000.
  • Should Strong win the National Coach of the Year award, that is worth yet another $100,000.
  • A Top-5 final ranking is worth 3 percent of the contract.

In all, Strong can earn up to $900,000 in bonuses in 2014.

Along with all of the financial incentives, there a few perks to being the head man at Texas.

  • Complimentary season tickets for men’s and women’s sports. Strong gets a suite and six tickets for football, four tickets for all other sports.
  • Membership into the UT Golf Club, UT Club and UT Headliners.
  • Two courtesy cars from a local dealership (no word yet on who the lucky dealership is).
  • Use of an airplane. Strong gets 20 hours of airplane flight time.
  • Strong’s wife will have all of her travel expenses covered when she travels to games and other business activities.
  • Strong will not have to load a U-Haul himself; UT will pay all reasonable moving expenses.

Not bad for a guy with a career won-loss record of 37-16.

Hook’em Headlines is the Texas Longhorns blog for FanSided’s Sports Blog Network. We cover the latest Longhorn news and stories while providing some of the best analysis the web has to offer.
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