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.

Related UPI Stories
Topics: Mack Brown
Latest Headlines
Trending Stories
WATCH: Umpire exits after hit in head with bat
Michael Jordan vetoed a Tracy McGrady for Scottie Pippen trade
WATCH: Irish soccer fans dent car roof, immediately fix it
Paulina Gretzky's dress upstages Dustin Johnson's U.S. Open win
Swedish soccer player removed from game for farting