Texas Tech under Chris Beard has just begun.
Beard has signed a new six-year deal with Texas Tech during the 2024-25 season, the school said Monday morning. The 46-year-old Beard earns an average of $ 4,575 million a year throughout the deal, making him one of the country's highest paid coaches.
The deal, which starts at $ 4.2 million, includes a buy-out after the first year, which is worth $ 3 million – twice as much for a Big-12 school – sources told Chuck Carlton SportsDay.
How competitive is this salary? Beard is said to earn more than any coach in college basketball that is not John Calipari or Mike Krzyzewski, according to the US-Today database of NCAA salaries.
"Many thanks to President Schovanec, Kirby Hocutt Tony Hernandez Chancellor Mitchell and the Board of Regents for their strong commitment to me as well as to our basketball program for men," he said Beard in a press release. "Many thanks to our former and current players and employees for their dedication, and we thank our fans and our students for their incredible support and passion, and together we have done some great things unsatisfied and will continue to work for the past three years Building up one of the nation's best college basketball programs. "
The announcement comes three weeks after Beard led the Red Raiders to the climax of a first Final Four run: Virginia lost 85-77 overtime in the national championship ,
Beard is in three seasons at Texas Tech 76-31, having joined the Red Raiders for their first Elite Eight (2018) and the Big-12 Regular Season (2019) championships in addition to this year's Final Four run the most successful season in program history with a record of 31: 7.
Beard is the reigning Associated Press National Coach of the Year and the Big 12 Coach of the Year. 19659009] This To image is missing your voice.