On Thursday morning, Stadium's Jeff Goodman broke the news that Chris Beard was accepting the position of head basketball coach at the University of Texas. Last week, former Texas basketball coach Shaka Smart announced his decision to accept Marquette's head coaching position. As a result, Texas athletic director Chris Del Conte had the opportunity to hand pick his own basketball coach.
While the specifics of Beard's contract with Texas have yet to be released, Beard made roughly $5.1 million during the 2020-21 basketball season at Texas Tech. Additionally, Beard had a $4 million buyout clause with Texas Tech.