Steve Sarkisian, head coach of the University of Texas Longhorns football team, is among the highest-paid coaches in college football.
His contract and salary details paint a picture of a well-compensated leader entrusted with the responsibility of reviving the Longhorns’ championship aspirations.
Summary:
| Name | Steve Sarkisian |
| Net Worth | Around $15 million |
| Contract | $34.2 million Texas Longhorns Contract |
| Annual Salary | $5.6 million (2024) |
Contents
Steve Sarkisian’s Net Worth in 2024
As of 2024, the net worth of Steve Sarkisian is about $15 million which comes from his profession as a college football coach.
Presently serving as the head coach for Texas Longhorns, Sarkisian signed a six-year contract last year which was worth an estimated $34.2 million.
This highly profitable deal also offers numerous bonuses such as having two car dealerships and a relocation allowance of $250,000 including temporary accommodation.
In addition, it should be noted that if Sarkisian continues to lead the Longhorns in 2024, he will receive a one-time payment amounting to $1.2 million.
Steve Sarkisian’s Contract
Texas Longhorns’ head coach, Steve Sarkisian, isn’t just calling plays – his hefty paycheck shows the team believes in his potential. He signed a six-year, $34.2 million contract in 2021, proving Texas is serious about winning. Let’s dive into the details of his deal and see how much he makes in 2024.
Key Figures:
- Total Contract Value: A hefty $34.2 million
- Contract Length: 6 years, ensuring stability and long-term vision
- Starting Salary (2021): $5.2 million, a competitive starting point
- Annual Salary Increase: $200,000, steadily increasing his earning potential
- Estimated 2024 Salary: $5.6 million, placing him among the top earners in the Big 12
Sarkisian’s Texas Deal: Beyond the Base Salary
Breakdown of Steve Sarkisian’s Compensation at the University of Texas:
- Base Salary: $2,080,000, increasing annually to $3,720,000 by 2026.
- Incentive Bonuses:
- $300,000 for reaching and winning the Big 12 championship football game.
- $525,000 for winning the Sugar Bowl and the national championship, plus additional bonuses for other achievements.
- Benefits:
- Two dealership cars.
- Private airplane use.
- Relocation and temporary housing allowance.
- Total Guaranteed Compensation: $34,200,000 if he fulfills his entire contract.
Steve Sarkisian Buyout Details
Steve Sarkisian, the man tasked with reviving Texas Longhorn football, comes with a hefty price tag, not just in salary, but also in potential departure costs. His buyout details, a crucial aspect of his six-year, $34.2 million contract, are a fascinating look at the financial stakes involved in Longhorn football.
The Numbers: A Steep Price Tag for Early Termination
- Buyout Percentage: 70% of the remaining contract value
- Current Remaining Contract Value (as of Jan 2024): Approximately $22.48 million
- Estimated Buyout Cost if Fired Today: A whopping $15.736 million, paid in installments through 2026.
There’s no denying that Steve Sarkisian is an individual. His financial prosperity comes from his coaching career, potential bonuses, and endorsements. Given his success, on the field and smart business choices, it’s expected that Sarkisian’s net worth will keep increasing.
