longhorns, deep pockets
Longhorns coach Steve Sarkisian's salary increases to $10.3 million
The four-year extension makes Steve Sarkisian one of the highest paid coaches in the country.
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 four-year extension makes Sarkisian one of the highest paid coaches in the country after Texas won the Big 12 last season and earned its first appearance in the College Football Playoff.
The contract includes $100,000 annual raises that will push Sarkisian’s guaranteed salary to $10.9 million by 2030. He also gets a one-time $300,000 bonus payment and 20 hours of personal use every year on the school’s private plane.
Sarkisian also is eligible to earn more than $1.5 million in bonuses if the Longhorns win a national championship.
His original contract called for him to get paid $5.8 million in 2024. According to the regents’ agenda, the raises are a 78% overall increase in Sarkisian’s guaranteed compensation.
The contract approval was expected. The extension was announced in January and the board published financial details in their meeting agenda last week.
Texas finished 12-2 and ranked No. 3 last season after a 37-31 loss to Washington in a national semifinal that came down to the final play. The Longhorns won the Big 12 in their final season in the league. Texas moves into the Southeastern Conference next season.
Sarkisian, 49, is 25-14 in his three seasons at Texas.
Texas regents also approved contract extensions for tight ends coach Jeff Banks, offensive coordinator Kyle Flood and defensive coordinator Pete Kwiatkowski.
DIIV's set was moody, but propulsive thanks to strong bass lines.Photo by Brianna Caleri
Zachary Cole Smith can always be counted on for a nostalgic 'fit.Photo by Brianna Caleri
Starcleaner Reunion singer Jo Roman keeps the beat.Photo by Brianna Caleri
From the looks of it, no one had a better time onstage than Wayne Coyne, frontman of the Flaming Lips.Photo by Brianna Caleri
The tinsel whip was one of many props.Photo by Brianna Caleri
The Flaming Lips are known for touring with huge inflatables.Photo by Brianna Caleri
A joyful crowd reacts to being blasted with confetti during the Flaming Lips' set.Photo by Brianna Caleri
Ty Segall was king of the guitar jams.Photo by Brianna Caleri
Segall's painted jeans were probably the most unique fashion statement all weekend.Photo by Brianna Caleri
The Psych Fest uniform: Earthy shorts and calf tattoos.Photo by Brianna Caleri
Thomas Attar Bellier of Al-Qasar plays a beautifully adorned electric saz.Photo by Brianna Caleri
The more mics, the better for Al-Qasar.Photo by Brianna Caleri
A closer look at the saz.Photo by Brianna Caleri
Lyrics in Arabic brought extra gravitas to the set.Photo by Brianna Caleri
How's that for a desert hallucination?Photo by Brianna Caleri
New Candys guitarist Emanuele Zanardo puts a physical flourish in his playing.Photo by Brianna Caleri
A portal opens...Photo by Brianna Caleri
The Black Angels interrupted the technicolor parade for a largely black-and-white set.Photo by Brianna Caleri
Black Angels bassist Misti Hamrick-French basks in the cold glow of a strobe light.Photo by Brianna Caleri
Dumbo Gets Mad reminds us that Italians just get fashion.Photo by Brianna Caleri
Guitarist Luca Bergomi gets in on bassist Ivan Torelli's shot.Photo by Brianna Caleri
LA LOM bassist Jake Faulkner captures the sun.Photo by Brianna Caleri
Guitarist Zac Sokolow danced for the whole set, which happened to be on his birthday.Photo by Brianna Caleri
Faulkner's grandstanding added flavor to the show, which ultimately didn't need psychedelic visuals.Photo by Brianna Caleri
Faulkner's howls cut through the air, hardly amplified.Photo by Brianna Caleri
Trish Toledo paid homage to mothers and couples in her romantic set.Photo by Brianna Caleri
Not a practical shoe for a rainy weekend. We salute her sacrifice for fashion.Photo by Brianna Caleri
Thee Sacred Souls closed out the festival with a brass section.Photo by Brianna Caleri
This backup singer was exquisitely styled in blue.Photo by Brianna Caleri
Singer Josh Lane snapped a photo of an adoring audience. See you next time, Josh.Photo by Brianna Caleri