facebook
twitter
search
search

Mack Brown to receive $2.75 million buyout from University of Texas

Feb. 13, 2014 at 1:32 PM

AUSTIN, Texas, Feb. 13 (UPI) -- The University of Texas and former football Coach Mack Brown have agreed to a buyout settlement of $2.75 million, a school official confirmed.

Brown will also receive $500,000 as a special assistant to the president in a one-year contract, the unidentified school official said Wednesday.

His previous contract called for him to serve as special assistant until 2020, the Houston Chronicle reported Thursday.

The buyout will be paid in four yearly installments, and the $2.75 million amount equals what his previous contract called for if he was terminated before the end of 2013.

He earned $5.4 million as Texas coach in 2013.

Brown and the school negotiated the settlement after he announced in December he would step down after 16 seasons as Longhorns coach, the newspaper said.

Like Us on Facebook for more stories from UPI.com  
Topics: Mack Brown
Latest Headlines
Top Stories
Los Angeles Lakers prowling for Aldridge and Jordan
Calipari denies reports of talks with Sacramento Kings
Blue Jackets, Blackhawks complete 7-player trade
Ducks trade for Bieksa, hire MacLean as assistant
Charles leads Liberty over Sky