Regents approve Strong’s $26 million contract

[Hornitos]

CFT is reporting that Strong's deal has been approved:

http://collegefootballtalk.nbcsports.com/2014/01/13/texas-regents-approve-strongs-five-year-26-million-deal/

Interesting part on possible bonuses:

"Strong can earn $100,000 for winning coach of the year, $100,000 per Big 12 championship win, $100,000 for each berth in the national championship and $250,000 for each national championship win. He’ll also earn a 3 percent bonus if Texas finishes in the top five and a 2 percent bonus if it finishes in the top 10."

 

[Massiah]

What's the buy out?

 

[texasdobbs]

No buy out was reported

 

[Darrell McPhaul]

Texas does not do buyouts.

 

[Slwilliam]

Texas does not do buyouts.

Mack did

 

[Hornitos]

Details are being reported by Mike Finger from the SA Express News.

There are bonuses for academic performance also:

"$25K for 2.9 GPA, $50K for 3.0, $75K for 3.1, $75k for APR in top 10 percentile."

Also, this:

"If Strong is fired without cause before the deal expires, UT still owes him 100% of salary."

 

[Randolph Duke]

Mack did

Mack's contract didn't have a buy-out. It did have a provision for his payment in case his contract was terminated by the university without cause, but not buy-out in the case where he decided to leave and go to another school.

http://www.hornsports.com/docs/Mack_Brown_Contract_2007.pdf

http://www.utsystem.edu/sites/utsfiles/news/assets/bor-coachbrown-contract-ext-01-26-12.pdf

 

[Hornitos]

Texas does not do buyouts.

We're Texas, and we just can't see anyone leaving here for a similar job.

 

[Juan]

<blockquote class="twitter-tweet" lang="en"><p>Nugget from Texas AD Patterson after Strong contract vote: Said Texas did "about half a dozen interviews" in search. Didn't say who ...</p>— Jim Vertuno (@JimVertuno) <a href="

https://twitter.com/JimVertuno/statuses/422828297714552832">January 13, 2014</a></blockquote><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[pringlelake]

From reading a summary of the Contact, it appears there is a MAJOR buy-out (liquidated damages clause) if UT terminates Strong without cause.

 

[Girthy Overlord]

<blockquote class="twitter-tweet" lang="en"><p>Nugget from Texas AD Patterson after Strong contract vote: Said Texas did "about half a dozen interviews" in search. Didn't say who ...</p>— Jim Vertuno (@JimVertuno) <a onclick="_gaq.push(['_trackEvent', 'Outgoing', 'twitter.com', '/JimVertuno/statuses/422828297714552832']);" href="
https://twitter.com/JimVertuno/statuses/422828297714552832

I was told Pat Fitzgerald was interviewed FYI

 

[pringlelake]

I'm very happy with Strong. I think he's the right man at the right time.

 

[JMagana]

I'm very happy with Strong. I think he's the right man at the right time.

I would have supported who ever came because I love Texas but your right about Strong and with every hire it becomes more evident he had a plan.

 

[Topstarr]

OK....Now that is out of the way, Lets get to the OC contract.