Steve Sarkisian, a prominent figure in the realm of American football, has carved an impressive career path marked by coaching prowess and dedication. Born on March 8, 1974, in Torrance, California, Sarkisian's journey in the sport has left an indelible mark.
His football journey began as a player, where he showcased his talents as a quarterback for Brigham Young University (BYU). However, it was in coaching that Sarkisian truly excelled. After playing, he embarked on his coaching journey, accumulating invaluable experience at various institutions.
Notably, Sarkisian assumed the role of the head coach for the University of Washington's football team in 2009, marking his first head-coaching job. During his tenure, he navigated challenges, earning the moniker "Seven Win Steve," but also gaining recognition for his commitment to the sport.
Sarkisian's coaching acumen led him to prominent positions, including offensive coordinator roles at the University of Alabama and the Atlanta Falcons in the NFL. However, his most significant career move came in 2021 when he was appointed as the head coach of the University of Texas football team, sealing a lucrative six-year contract. But do you know how much he earns and What is Texas Coach Steve Sarkisian’s Salary?
With a career marked by notable achievements and the challenges of leading prominent football programs, Steve Sarkisian continues to make an impact in the world of college football coaching. His passion, dedication, and strategic insights have cemented his status as a respected and influential figure in the sport. This blog will discuss Steve Sarkisian's Salary and other aspects of his life.
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Steve Sarkisian's Salary
In 2024, Steve Sarkisian's guaranteed salary as the head coach of the University of Texas Longhorns football team is $10.3 million. This substantial compensation reflects the team's belief in his potential and commitment to winning. Sarkisian's contract extends through 2030, ensuring stability and a long-term vision for the program. He also received an additional $300,000 on April 1, 2024, and including this, he is set to earn approx $10.6 million in 2024.
Steve Sarkisian's starting salary in 2021 as the head football coach at the University of Texas at Austin is $5.2 million. Over the course of his six-year contract, he is guaranteed to make at least $34.2 million. He signed another contract extension according to which his compensation package includes a $100,000 annual raise with a salary of $10.3 million in 2024. According to his new contract extension, Steve Sarkisian's annual salary will be approx $10.9 million in 2030.
Steve Sarkisian Buyout Details
If Texas were to part ways with Sarkisian before the end of his contract extension in 2030, the school would owe him 85% of the remaining balance on his deal¹. That's a substantial commitment!
Here's a breakdown of the buyout amounts based on the termination year:
- 2024: If Sarkisian is let go after the 2024 season without cause, Texas would owe him a staggering $54,315,000.
- 2025: The buyout decreases to $45,475,000 if he's released after the 2025 campaign.
- 2026: After 2026, the buyout further decreases to $36,550,000.
- 2027: An early termination without cause in 2027 would result in a $27,540,000 buyout.
- 2028: If Sarkisian and Texas part ways after 2028, Texas would owe him $18,445,000.
- 2029: In case they end their relationship after 2029, Texas would owe $9,265,000.
On the other hand, if Steve Sarkisian were to resign or terminate the deal for any reason:
- 2024: He would owe $10 million to UT.
- 2025: The amount drops to $6 million.
- 2026: It further reduces to $4 million.
- 2027: A mere $3 million.
- 2028 and 2029: $2 million each.
- 2030: $1 million.
Read More: Who is Texas Coach Steve Sarkisian's wife?
Potential Bonuses
Under the terms of his contract, Steve Sarkisian, the head football coach at the University of Texas, has the potential to earn up to $1.825 million annually in bonuses based on the team's performance. Previous to the extension contract he signed in 2024, he could earn up to a maximum of $825,000 annually, but now he can earn up to $1.824 million. These bonuses are structured as follows:
- $250,000 for leading the team to the first round of the College Football Playoff
- $500,000 for a quarterfinal appearance
- $750,000 for a semifinal appearance
- $1 million for a title game appearance
- $1.25 million for winning the College Football Playoff Championship
It is important to note that the Playoff bonuses are not cumulative, meaning that Coach Sarkisian would receive the highest applicable bonus based on the team's performance in the Playoff. This incentive-based structure aligns with the high expectations set for the football program at the University of Texas and rewards Coach Sarkisian for achieving success on the national stage.
FAQs on Steve Sarkisian's Salary
A. Steve Sarkisian's estimated net worth in 2024 is approximately $5 million.
A. Steve Sarkisian started coaching the Texas Longhorns football team in 2021.
A. Steve Sarkisian is from Torrance, California, United States.
A. Steve Sarkisian can earn up to $825,000 in potential bonuses for team and individual accomplishments.
A. Steve Sarkisian's starting salary at the University of Texas in 2021 was $5.2 million.