Since Steve Sarkisian took control of the Texas Longhorns football program, he has returned the team to the pinnacle of the sport. After leading the Longhorns to the College Football Playoff, he was unsurprisingly handed a contract extension and pay rise.
What is Sarkisian’s current salary, contract, and net worth as the head coach of one of college football’s marquee programs?
Steve Sarkisian’s Salary and Contract in 2024
Sarkisian signed a contract extension following the 2023 college football season that aims to keep him in Austin through the 2030 campaign. For the 2024 season, Sarkisian earned $10.3 million under the terms of that extended deal, making him one of the highest-paid coaches in the sport.
In addition to almost doubling his annual salary from the deal he originally signed in January. 2021, Sarkisian will earn an extra $100,000 each year he’s in post at Texas. His annual breakdown under the terms of his contract extension is listed below:
- 2024: $10.3 million
- 2025: $10.4 million
- 2026: $10.5 million
- 2027: $10.6 million
- 2028: $10.7 million
- 2029: $10.8 million
- 2030: $10.9 million
Under his original deal, Sarkisian would have earned $5.8 million in 2024. Although the annual increments were $200,000 compared to $100,000 in his contract extension, he’s substantially better compensated now as a result of the new deal. He also received a “special one-time payment” of $300,000 on or before Apr. 1, 2024.
There can be no doubt that the Texas head coach has earned every penny of that salary rise. Since taking over the program, he has tallied a 36-16 winning record, guided the team to the Big 12 title in 2023, and took the Longhorns to the SEC Championship Game at the first time of asking.
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He’s the first Texas head coach to deliver consecutive double-digit win seasons since Mack Brown’s historic run from 2001 to 2009.
Steve Sarkisian’s Net Worth
Under the terms of his most recent contract extension, Sarkisian’s net worth is $74.2 million. However, that doesn’t include the more than $10 million he was compensated for the first two seasons at the helm. It also doesn’t include any previous salaries from head coaching stops with the Washington Huskies and USC Trojans, plus assistant coach earnings.
Furthermore, Sarkisian’s net worth calculation doesn’t include performance-related incentives. The Texas head coach can earn up to $1.85 million depending on the success of the program on the field. The full list of potential bonuses is below:
- Reaching the SEC Championship Game: $300,000 if they win, $150,000 if they lose
- Winning the College Football Playoff National Championship Game: $1.25 million
- Reaching the College Football Playoff National Championship Game: $1 million
- Reaching the College Football Playoff Semifinal: $750,000
- Reaching the College Football Playoff Quarterfinal: $500,000
- Reaching the College Football Playoff First Round: $250,000
- Reaching any non-College Football Playoff bowl game: $100,000
- Winning the National Coach of the Year: $200,000
- Winning the Conference Coach of the Year: $100,000
It’s worth noting that the College Football Playoff bonuses are not cumulative. Sarkisian will earn the highest applicable amount. For example, if Texas were to win a national title, the head coach would receive $1.25 million, not $3.7 million. Those bonuses have increased by 124% compared to his original contract.
Sarkisian’s contract also has some non-football-related financial benefits. He gets 20 hours of private aircraft flight time for personal use each year, two automobiles, multiple ticket perks including 12 tickets to all home football games, plus a club membership.
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