Thursday 1 December 2016

The University of Texas has spent nearly $54 million on football coaches in three years

The University of Texas has spent nearly $54 million on football coaches in three years


On Sunday, the University of Texas introduced Tom Herman as their newest football coach. It was a move that was not cheap and is just the latest in an incredible spending spree that started less than three years ago.
In order to hire Herman, Texas first had to fire third-year coach Charlie Strong. In order to do that, the school had to pay a $10.4 million buyout of the two years remaining on Strong's contract, according to the Austin American-Statesman. That is after already paying Strong $5.2 million in salary this season.
Texas then had to buy out Herman's contract from the University of Houston. Herman's contract called for a $2.5 million buyout, according to ESPN, an amount that is typically paid by the new school.
But wait, there's more!
Herman is going to want to hire his own assistant coaches. According to the Austin American-Statesman, it will cost the University of Texas another $6.3 million in buyouts to part ways with Strong's assistants. That's on top of the $3.9 million those coaches made in salaries this year.
In all, Texas has committed more than $28 million to football coaches since the start of this season and Herman has yet to coach a single practice.

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