Steve Sarkisian's colossal new contract details revealed

Steve Sarkisian, Texas football
Steve Sarkisian, Texas football / Annie Rice/Avalanche-Journal / USA TODAY

The details of the new contract extension that Texas football head coach Steve Sarkisian signed early this offseason were revealed on the agenda for the UT Board of Regents Meeting on Feb. 21 and 22. This agenda was posted on Feb. 17 on the UT system website for the Board of Regents Meeting.

Inside Texas also posted the breakdown of Sarkisian's new contract extension on their Twitter/X account on Feb. 17.

Figures in Texas football HC Steve Sarkisian's sizable contract extension revealed

Sarkisian signed this contract extension with the Longhorns after the retirement of longtime legendary Alabama Crimson Tide head coach Nick Saban earlier this offseason. Saban's retirement clearly was lucrative for Sarkisian's recently-signed contract extension with Texas.

He's set to make a base salary of $10.4 million in 2024, which is his fourth season as Texas's head coach. The base salary for Sarkisian will go up by $100K in each of the six subsequent years as part of this contract extension.

As part of this contract extension, Sarkisian gets other significant perks. He will get two automobile dealership cars, club membership, and personal private airplane use, among other perks included in this extension.

There are other performance incentives included in this contract extension that could boost his annual compensatio each year. For example, if Texas makes the first round of the new 12-team College Football Playoff in 2024, he'll get a $500K bonus.

He can make up to $1.25 million if Texas wins the College Football Playoff National Championship Game.

Other performance incentives include things such as national coach awards and conference championships.

After he made a base salary of around $5.6 million during the 2023 season (that figure doesn't include the bonuses he got for other performance incentives), Sarkisian will get nearly double that amount of money in 2024 after with this contract extension.

Sarkisian gets a pay raise after leading Texas their first CFP appearance

This annual compensation boost comes for Sarkisian after he led Texas to the program's first ever appearance in the College Football Playoff and won the Big 12 Championship in 2023.

Texas has improved year-over-year in all three years under Sarkisian. After going 5-7 in his first year at Texas in 2021, Sarkisian and the Longhorns progressed to 8-5 during the 2022 campaign. Sarkisian's impressive three-year improvement at Texas was capped by a 12-2 season last fall.

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