Texas releases Steve Sarkisian's contract details, pay for top assistants
Texas is set to pay market rate for former Alabama offensive coordinator Steve Sarkisian and his coordinators as the UT System Board of Regents gets ready to approve the compensation and contract details.
The group is scheduled to meet next week as Sarkisian’s six-year guaranteed contract is worth about $34.2 million, a deal longer and more lucrative than what previous coaches Charlie Strong and Tom Herman received initially.
The Longhorns also will have offensive, defensive and special teams coordinators making at least $1 million annually, and those also will need to be approved because they’re above seven figures, according to Hookem.com.
Sarkisian’s annual salary starts at $5.2 million for the 2021 season and escalates by $200,000 each year until it tops out at $6.2 million in 2026.
Sarkisian’s new contract has all the typical perks that UT head coaches and other major college coaches receive, such as two courtesy cars, club membership, private airplane use and use of a suite on game days. He will also receive $250,000 in relocation and temporary housing allowances.
Sarkisian’s deal includes a “special one-time payment” of $1.2 million as a stay bonus on Dec. 31, 2024, something similar to what Herman had in his contract.
Defensive coordinator Pete Kwiatkowski has agreed to a three-year deal worth $1.7 million annually, while offensive coordinator Kyle Flood will receive a three-year contract that starts at $1.1 million in 2021, then goes to $1.175 million in 2022 and $1.25 million in 2023. Jeff Banks, the special teams coordinator and tight ends coach, received a three-year deal worth $1 million initially that bumps up $50,000 the next two years to reach $1.1 million in 2023.