User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
VI Mobile Scores and Betting OddsVI Mobile Scores and Betting Odds Be Social
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto
Horses
Soccer
Boxing/MMA
More
Betting Tools

 
Brown to get severance and 1-year job at Texas

AUSTIN, Texas (AP) - Texas said Wednesday it has agreed to pay former coach Mack Brown $2.75 million that would have been owed him if he had been fired, and place him in a one-year, $500,000 job as a special assistant to the president for athletics.

Advertisement
Both options had been part of Brown's original contract in separate clauses in case of termination or resignation. Brown announced on Dec. 14 that he would step down after Texas' bowl game and called it a ''mutual'' decision between himself, school President Bill Powers and athletic director Steve Patterson. He has been replaced by Charlie Strong.

Brown had reportedly been negotiating for more money. Texas agreeing to pay Brown his severance buyout and give him the job raised the question whether he was fired or resigned and why he would get both options.

''He resigned,'' Texas spokesman Nick Voinis said. ''This is what was agreed to We're honoring his contract.''

Brown's attorney, Joe Jamail, did not immediately return telephone messages seeking comment. The University of Texas System Board of Regents, which approved Brown's contract and most recently approved an extension in 2012, did not immediately respond to a request for comment.

Brown was under contract through 2020 and was one of the highest-paid coaches in the country at more than $5.4 million per year. But the coach who won the 2005 national championship and played for another in 2009 left after a four-year run that saw the Longhorns lose at least four games every season.

The contract included language that allowed Brown to move to ''another significant position within the university'' at a minimum of $500,000 per year if he ''voluntarily relinquishes his duties'' as coach.

Brown's new job will concentrate on fundraising for the nation's wealthiest athletic department.

The contract also had the $2.75 million termination payment if he was fired before Dec. 31, 2014, to be paid in four equal annual installments. The same section said that if Brown were fired, left for another program or become otherwise unable to do his job, ''all obligations'' under the contract ''shall cease.''

Copyright 2017 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
HEADLINES
BetOnline.ag: Alabama made 2017 favorite
Nelson: 4th Quarter Covers - Bowls
Fleck names 9 assistants at Minnesota
Oregon strength coach suspended
Robert Morris signs transfer QB
Frank Beamer named to CFP commitee
USC CB Jackson headed for NFL
Arkansas tabs Rhoads as new DC
Alabama AD Battle plans to step down
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NCAAFB College Football Handicapper Sports Picks Records
VegasInsider.com Gold Membership
2016 CFB SEASON PICK RECORDS
Money Leaders
Handicapper Money
Scott Rickenbach + 2051
Joe Williams + 1909
Pat Hawkins + 1752
Last Week's Leaders
Handicapper Money
Greg Smith + 400
Joe Nelson + 385
Scott Rickenbach + 380
Percentage Leaders
Handicapper Pct
Scott Pritchard 60 %
Scott Rickenbach 59 %
Kyle Hunter 57 %
Guaranteed Leaders
Handicapper Money
Micah Roberts + 1239
Scott Rickenbach + 1082
Kyle Hunter + 1023
Over-Under Leaders
Handicapper Money
Micah Roberts + 2485
Kyle Hunter + 2166
NeiltheGreek + 2076
Member Leaders
Handicapper Money
Vince Akins + 805
Scott Rickenbach + 657
Pat Hawkins + 595
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership