Texas regents on Saturday approved a 5-year, $28.75 million contract - with $25 million guaranteed - for new football coach Tom Herman.
Here's a look at Tom Herman's new deal at Texas:
Herman is contracted to earn the following:
Year 1 - $5.25 million
Year 2 - $5.5 million
Year 3 - $5.75 million
Year 4 - $6 million
Year 5 - $6.25 million
Herman's contract includes the following incentives:
(Maximum of $575,000 in postseason incentives)
A) Big 12 champion - $100,000
B) Appear in non-Major 6 bowl game - $25,000
Win non-Major 6 bowl game - $50,000
Appear in Major 6 bowl game - $50,000
Win Major 6 bowl game - $50,000
Appear CFP semifinal - $100,000
Appear CFP final - $125,000
C) Win CFP national title - $250,000
CFP Top 5 ranking - $180,000
CFP Top 6-10 ranking - $120,000
(Maximum of up to $150,000 for coaching recognition)
National Coach of the Year - $100,000
Coach of the year honor (other than National COY) - $50,000
One time retention payment of $1 million if still employed by UT-Austin on Dec. 25, 2019
Termination By Coach ... $3 million payable to UT-Austin for each year remaining on the contract - plus - the remaining salaries of any assistants not retained by the next coach.
Termination without cause by UT-Austin ... $5 million per year remaining on the contract. UT will offset from such payment 100 percent of post-termination, football-related income coach receives through the term of the contract.
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