University of Texas Will Pay $9.375 Million to Charlie Strong in 2014
The University of Texas’ new football coach, Charlie Strong, will be paid $5 million for the 2014 season and the university will pay Strong’s $4.375 million buyout to Louisville, according to financial terms approved Monday by the university system’s board of regents.
It was not immediately clear whether Texas would also be covering the income taxes associated with the buyout, but even without that, Strong’s $9.375 million in total compensation for 2014 will be the largest one-year amount paid to a public-school athletics coach since USA TODAY Sports began tracking pay of football and men’s basketball coaches in 2006.
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Strong’s contract with Texas is for five years, and it includes guaranteed pay increases of at least $100,000 each year.
The deal means that in 2014 there will be at least three football coaches with recurring annual compensation of at least $5 million — Strong, Alabama’s Nick Saban and Texas A&M’s Kevin Sumlin. There were two such coaches during the 2013 season: Saban and Texas’ former coach, Mack Brown; Brown was due to have been paid $5.5 million in 2014.