The Texas Longhorns paid good money for Steve Sarkisian to take over their head coaching job in 2021. Here is everything fans know about Sarkisian’s salary, contract, net worth, and other incentives.
Steve Sarkisian’s Salary and Contract in 2023
Sarkisian was named the new head coach of the Texas Longhorns in January of 2021, as he became their 31st head coach in program history. He agreed to a six-year contract that is worth $34.2 million.
Now, we dive deep into the details of the breakdown of his long contract. Horns247 Insider Chip Brown initially reported that Sarkisian’s starting salary was going to be $5.2 million for the 2021 season. After the 2021 season, his salary would increase each year by $200,000 until the final year of his contract, which is currently 2026. To this logic, that would put his contract for this season at $5.6 million.
The Texas Tribune added some more incentives and insights into what Sarkisian’s deal included outside of his base salary. His deal also includes the following incentives:
- Two car dealerships
- 20 hours of private airplane use per year
- $250,000 relocation and temporary housing allowance
One other factor that is a part of the deal is if Sarkisian is still the head coach of the Longhorns by December 31, 2024, he will receive a one-time payment of $1.2 million. The money to pay for Sarkisian’s contract, according to university spokesperson J.B. Bird, comes from Texas Athletics, which has this budget for multiple reasons.
Steve Sarkisian’s Net Worth
Not much is known regarding Sarkisian’s net worth, as that is not entirely public information. What we do know is that he is among the highest-paid coaches in the country. His contract does have a stipulation that his salary will increase each season he is with Texas.
With his salary starting in 2021 at $5.2 million, it would be safe to assume that heading into the 2023 season, it would range between $5.6 million and $6 million. Bonuses have not been made public, so that could also increase his net worth.
The Longhorns have made some progress going into this season as one of the top 15 teams in the country. Usually, there are incentives for that kind of success, so Sarkisian should see more money coming his way as Texas continues to perform well throughout this season and beyond.