Texas HC Tom Herman receives two-year contract extension

On Thursday morning, the University of Texas officially announced a two-year extension for head football coach Tom Herman, which will keep him in Austin through the 2023 season.

“Coach Herman is building something very special and we couldn’t be more excited about his leadership of our football program,” athletics director Chris Del Conte said. “There have been many great accomplishments, and the culture he is establishing is one that focuses on maximizing the student-athletes on the field and developing them as young men off the field, in the classroom and in our community. We are lucky to have him and thrilled to be extending his contract. The future of Texas Football is in great hands.”

Following the program’s first 10-win season since 2009, Herman received two extra years on his contract at $6.5 million for 2022 and $6.750 million for 2023, though those yearly increases are the same as those set by the original contract he signed in Nov. 2016. Herman’s annual compensation will remain set at $3.5 million, with the increases set for his 1-0 Culture LLC — $3 million in 2022 and $3.25 million in 2023.

“I’m so grateful for President Fenves, Chris Del Conte and the UT Board of Regents, and for all the support they provide me, my family and our football program,” Herman said. “I truly love being the head football coach at Texas. I’m enjoying every minute of it, am so fortunate to have a tremendous staff, and the players in our program are just awesome to work with. We’ve done some good things, but have so much more we are preparing to accomplish. I’m excited for the future.”

The school will also owe Herman two retention payments of $1 million each through the course of his contract, as well as potential bonuses for winning the Big 12 Championship game ($100,000), the College Football Playoff championship game ($250,000), National Coach of the Year ($100,000), and Big 12 Coach of the Year ($50,000).

Two assistants are set to receive new contracts — wide receivers coach Corby Meekins ($290,000) and cornerbacks coach/recruiting coordinator Jason Washington (310,000), who will receive a 12 percent raise of $35,000 per year.