Lubbock, TX, United States (4E Sports) – Texas Tech football coach Kliff Kingsbury agreed to a contract extension until 2020, with the deal reportedly worth $22.9 million. It will take effect on September 1.
“This is where I want to be and I couldn’t be happier,” Kingsbury stated.
“I can’t wait to take this thing to the next level,” he added.
Kingsbury will be receiving $1.5 million for the remainder of 2014 with an increase to $3.1 million in January.
He will receive an additional $200,000 each year, totaling $4.1 million in the contract’s final year.
Included in the deal are a number of bonuses for Kingsbury.
The incentives are as follows, $750,000 for an outright Big 12 title, $500,000 for a championship game appearance and another $500,000 for a championship game win, according to Dallas News.
Athletic director Kirby Hocutt stated, “There has never been a more exciting time within our football program than now.”
Besides Kingsbury, Texas Tech also extended the contracts of baseball coach Tim Tadlock, track and field coach Wes Kittley and men’s tennis coach Tim Siegel.