Texas regents approve Sarkisian contract extension and salary increase (2024)

FAQs

What is Steve Sarkisian's salary? ›

Sarkisian, 49, is now among the highest-paid coaches in college football. Sarkisian was originally set to make $5.8 million during the fourth year of a six-year deal that he signed when he was hired in 2021. He now will make $10.3 million during the 2024 season.

The Longhorns coach will be paid $10.3 million in 2024 and will begin a new seven-year agreement running through 2030. His salary is set to increase by $100,000 each year of the deal, topping out at $10.9 million in 2030.

So, Saban had a stable salary of $1,105,000 each year. However, the Alabama head coach made the bulk of his salary through something called a talent fee. For 2022 and 2023, that fee was $9,595,000, which is why his 2023 salary matched his 2022 amount.

If Sarkisian decides to leave Texas on his own accord, by resigning or taking another job, that buyout starts at $10 million in 2024, then drops every year except for 2029.

1) Kirby Smart, Georgia Bulldogs: $13 million

Kirby Smart is now the highest-paid coach in the business after an enormous extension signed in May that pays him $13 million annually until 2033, per an announcement from the Georgia Bulldogs.

Spanning five years, this deal is valued at a staggering $29.5 million, and this is merely the starting point. The contract teems with potential bonuses and incentives that could boost his earnings. Notably, after the third year of this agreement, there's a provision for renegotiation.

It is reported that Tomlin makes 12.5 million a year to coach the Steelers, which puts him squarely in the top five of highest-paid head coaches in the NFL.

The Contract Coach is a Professional Consultancy that specializes in assisting business with (specifically) Federal Government contracts and proposals.

Beyond his coaching success, Saban's net worth in 2024 stands at a staggering $70 million, a testament to his financial prowess and strategic investments. Saban's coaching journey began with humble roots at Kent State, eventually leading to a storied career that included stints in college football and the NFL.

Notably, Forbes only compiled Saban's earnings from his sports career. He achieved remarkable success as a spokesperson, appearing in a recent Aflac campaign alongside Deion Sanders. He also owns nine car dealerships throughout Alabama, Louisiana, Tennessee, and Texas under his Dream Motor Group.

Does Nick Saban have a buyout? ›

A year after signing a megadeal and extension at Alabama, Nick Saban was confirmed to be the highest-paid coach in college football with a yearly compensation figure of $11.4 million. His buyout, as of Dec. 1, 2023, is the 10th-most in the sport at $44.8 million.

According to the board agenda, Hartzell will retain his appointment as a tenured professor, but will not earn a salary as professor while president. The $1.25 million salary is “all-inclusive,” and he will not receive additional stipends for housing, an automobile or cell phone.

Steve Sarkisian is college football's latest $10 million man. The University of Texas System Board of Regents on Thursday approved a raise and contract extension for the Longhorns coach that boosts his guaranteed salary to $10.3 million this year and signs him through 2030.

The announcement was made by Kevin Granger, TSU's vice president of intercollegiate athletics, following a unanimous vote from TSU's board of regents during a special meeting on Jan. 12. Dishman was given a four-year contract with an annual base salary of $313,000. For Dishman, joining TSU means a return to Houston.