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On Tuesday, the South Florida revealed the contract details with new head coach Charlie Strong, which unsurprisingly took advantage of the fact that the Texas Longhorns still owe Strong $5.2 million for each of the next two seasons.
As a result, South Florida structured the contract so that Strong’s salary will increase from $1 million each of the next two years to $2.5 million in 2019 and increasing by $100,000 over the final two years.
Texas had a 50-percent offset in Strong’s contract, which means that the Longhorns will only save $500,000 a year on the buyout.
The same goes for the assistants who worked under Strong — the new South Florida coach is expected to retain a fair amount of his former staff and the available pool of money to pay them also looks similar, increasing from $1.66 million to $2.25 million and then to $3.4 million.
So the administrators at South Florida should probably thank former Texas athletic director Steve Patterson, whose contract with Strong will result in the Bulls getting a well-respected head coach and quality staff on the cheap.