The extension also added a year to Sarkisian's contract. He's set to make $12.3 million in 2031. As reported by the American-Statesman and other media outlets earlier this year, the contract extension that Sarkisian agreed to last month keeps him as one of the highest-paid coaches in the country.

The University of Texas System Board of Regents approved a raise and contract extension for football coach Steve Sarkisian on Thursday after the Longhorns advanced to the College Football Playoff semifinals for the second consecutive season.