|Texas gives Brown raise, bonus and extension through 2016|
|Written by Admin|
|Tuesday, 28 August 2007 13:58|
University of Texas Regents unanimously agreed to extend Brown's contract by two years through the 2016 season, boosting his salary from $2.66 million to $2.91 million, including a special payment of $100,000 to be paid Saturday, the day the No. 4 Longhorns open the season at home against Arkansas State.
Brown, who turned 56 on Monday, also gets a $1 million bonus if he stays through next season and cashes in again with a $2 million bonus if he's still at Texas on Jan. 1, 2010.
The regents also agreed to boost several incentives, including winning the Big 12 South Division and the conference title, high graduation rates and a $450,000 bonus if Texas wins another national championship.
Brown was already under a 10-year contract that guarantees a $100,000 annual raise. He agreed to that deal days before Texas beat Michigan in the Rose Bowl at the end of the 2004 season.
The motion regents approved by conference call said Texas wants to pay a competitive salary ``for one of the few most accomplished and recognized coaches in intercollegiate sports'' and to discourage other colleges or professional teams from trying to lure Brown away.
Brown is 93-22 going into his 10th season at Texas. The Longhorns were 10-3 last season with a win over Iowa in the Alamo Bowl.