Details of Steve Sarkisian's new contract, extensions for Jeff Banks, Kyle Flood, Pete Kwiatkowski revealed
The specifics of Texas head coach Steve Sarkisian‘s four-year extension announced on January 13 were revealed in the agenda book for the UT Board of Regents’ February 21 meeting. Sarkisian will receive a raise from $5.8 million to $10.3 million for the 2024 season. His salary will increase by $100,000 every year until 2030, the final year of the contract.
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The salary places him among the top-10 highest paid coaches in the sport.
Sarkisian will also receive a special one-time payment of $300,000 on or before April 1 of this year. He had just completed the third year of his original six-year contract.
Other details of the extension include many of the typical aspects of a head coach contract. He will receive 20 hours of private aircraft time for personal use, as well as memberships in certain social clubs based on athletic department policy.
Sarkisian can receive up to $1.85 million annually in performance bonuses. He’ll receive $150,000 if he reaches the conference championship game and another $150,000 if he wins the game. He’ll get another $100,000 for making a bowl, with escalators up for every new level his team makes. That includes a bonus of up to $250,000 for making the College Football Playoff, up to $500,000 for making the CFP quarterfinal, up to $750,000 for making the CFP semifinal, up to $1,000,000 for making the national championship game, and his bonus total will be $1.25 million should the Longhorns win it all.
He could also add $200,000 in the form of one of the many coach of the year awards, and $100,000 should he win conference coach of the year.
Texas tight ends coach Jeff Banks was extended through the 2026 season. He’ll be paid $1.15 in 2024, $1.2 million in 2025, and $1.25 million in 2026.
Longhorns offensive coordinator Kyle Flood had another year tacked on to his contract, taking him through the 2026 season. His 2024 salary of $1.325 million and his 2025 salary of $1.4 million will not change. He’ll be paid $1.475 million in 2026.
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Defensive coordinator Pete Kwiatkowski was also extended through 2026. Set to be paid $1.7 million in 2024, he received a bump to $1.8 million for the upcoming season. He’ll be paid $1.9 million in 2025, and $2 million in 2026.
Sarkisian, Banks, Flood, and Kwiatkowski, along with quarterbacks coach AJ Milwee, secondary coach Terry Joseph, safeties coach Blake Gideon, and strength coach Torre Becton have all been with the program since Sarkisian took the Texas head coach job in 2021.
The Longhorns went 12-2 in 2023, winning the Big 12 and reaching the College Football Playoff.
