Taylor Estes - HornsDigest.com

REGENTS APPROVE HERMAN'S CONTRACT

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
 
OR
 
Appear in Major 6 bowl game - $50,000
Win Major 6 bowl game - $50,000
 
OR 
 
Appear CFP semifinal - $100,000
Appear CFP final - $125,000
 
 
C) Win CFP national title - $250,000
 
OR
 
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
 
 
RETENTION PAYMENT:
 
 
One time retention payment of $1 million if still employed by UT-Austin on Dec. 25, 2019
 
 
CONTRACT BUYOUTS:
 
 
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.
 
 
 

*****

NOT A MEMBER OF THE HORNSDIGEST FAMILY?

Get the best UT recruiting and team coverage for just $6.95 per month! … PLUS! New annual memberships include a 1-year, digital and print subscription to Sports Illustrated - a $39 value!!

1. Select the "Annual Pass" option RIGHT HERE.

2. Enjoy HD’s attack-free message board community, where you are pulling up a bar stool among friends, and, of course, unparalleled insider information from Chip Brown, who has 25 years worth of connections covering Texas and is all over Big 12 realignment; Jason Higdon, the Yoda of Texas recruiting; and team and recruiting coverage from Taylor Estes!

CLICK HERE TO BECOME AN HD MEMBER AND INSIDER RIGHT NOW!!!


Horns Digest Top Stories