From the Statesman:
"Texas offensive coordinator Greg Davis will make $425,000 this coming season, the same salary as new defensive coordinator Will Muschamp.
Davis’ raise is nearly $75,000 more than he made for 2007."
The article also notes the present salaries of other Texas coaches who received bumps in pay.
As for Davis, I believe the message is clear: Losing three games in a season--and the last six against OU/A&M/K-State--exceeds our highest expectations for you, and thus you deserve a 20% pay increase. Keep it up. But let's be clear...if you lose four games, you can only expect a 15% pay raise.