University of Texas regents agreed Thursday to extend football coach Mack Brown’s contract by four years to 2020, a move school officials hope will assure long-term stability for a program eager to get back in the chase for national championships.

Brown, who is paid $5.2 million a year, won’t get any more money out of the new deal, but he will continue getting annual raises of $100,000 per his current contract. The deal includes a $3.5 million buyout that drops every year he stays with Texas.

Source: Yahoo