Texas regents approve Sarkisian contract extension and raise to more than $10 million

AUSTIN, Texas (AP) — 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.