Doomsday101
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AUSTIN, Texas (AP) -- University of Texas regents agreed Thursday to extend football coach Mack Brown's contract by four years to 2020, a move school officials hope will assure long-term stability for a program eager to get back in the chase for national championships.
Brown, who is paid $5.2 million a year, won't get any more money out of the new deal, but he will continue getting annual raises of $100,000 per his current contract. The deal includes a $3.5 million buyout that drops every year he stays with Texas.
The regents, who met via telephone conference, deliberated in private for about 40 minutes before unanimously approving the changes.
After the regents voted, Texas President Williams Powers Jr. and athletic director DeLoss Dodds said school officials want Brown to coach the Longhorns for as long as he wants to. High school recruits can sign scholarship letters-of-intent on Feb. 1.
Rumors had cropped up after last season that Brown might retire or be forced out. Powers on Thursday dismissed such speculation as completely unfounded.
Read more: http://sportsillustrated.cnn.com/20...s-brown-extension.ap/index.html#ixzz1kfzmYqIE
Brown, who is paid $5.2 million a year, won't get any more money out of the new deal, but he will continue getting annual raises of $100,000 per his current contract. The deal includes a $3.5 million buyout that drops every year he stays with Texas.
The regents, who met via telephone conference, deliberated in private for about 40 minutes before unanimously approving the changes.
After the regents voted, Texas President Williams Powers Jr. and athletic director DeLoss Dodds said school officials want Brown to coach the Longhorns for as long as he wants to. High school recruits can sign scholarship letters-of-intent on Feb. 1.
Rumors had cropped up after last season that Brown might retire or be forced out. Powers on Thursday dismissed such speculation as completely unfounded.
Read more: http://sportsillustrated.cnn.com/20...s-brown-extension.ap/index.html#ixzz1kfzmYqIE