According to data obtained by USA TODAY Sports, Texas coach Charlie Strong has the sixth-richest salary in college football, slated to make $5.2 million in 2016.
Strong ranks behind Michigan coach Jim Harbaugh ($9 million), Alabama’s Nick Saban ($6.9 million), Ohio State’s Urban Meyer ($6.1 million), Oklahoma’s Bob Stoops ($5.6 million) and Florida State’s Jimbo Fisher ($5.3 million).
After that the next highest-paid coach in the Big 12 was TCU’s Gary Patterson ($4 million), who came in 20th nationally. Texas A&M’s Kevin Sumlin comes in seventh with a salary of exactly $5 million.
In addition to its newly released annual report on coaches salaries, the outlet also delved deep into the release clauses contained in many coaches’ contracts and what effects they’ve had to the coaching market.
According to the data, if Texas was to fire Strong “based on termination without cause on Dec. 1, 2016” he would be owed $11,158,333. However, that could be offset if he finds another job.
Texas coach Charlie Strong’s buyout would be reduced by only 50% of the total compensation he received in a new position.
If that seems unprecedented, that’s because it is. The market has changed a lot since Texas hired its previous coach, Mack Brown, in 1998. Here’s USA TODAY’s breakdown:
Consider Texas, where many are speculating about the future of Charlie Strong, whose record in three seasons is 14-18. If he’s fired in December, Strong would be owed more than $11 million. By contrast, Strong’s predecessor at Texas, Mack Brown, never had a potential buyout larger than $3.5 million from 1998 until his resignation in 2013.
Comparing the buyout across all of college football, it actually doesn’t look so bad. Take Jimbo Fisher at Florida State, whose buyout is worth more than $33 million. Ohio State would owe Urban Meyer in excess of $27 million, while Michigan coach Jim Harbaugh would receive shy of $26 million.
Of course, much of that is due to the overall money changing hands in college athletics. Just last week, Business Insider released a report saying the average Longhorns football player is worth more than $670,000.
The figures are certainly interesting, and worth pondering if you’re a Texas fan.
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