AUSTIN, Texas - Texas will pay Mack Brown $2.75 million that would have been owed him if he had been fired, and place him in a $500,000 per year job as a special assistant to the president for athletics.
Texas spokesman Nick Voinis said Wednesday the school was honoring the terms of Brown s contract that ran through 2020. Brown, who stepped down on Dec. 14, had been reportedly trying to negotiate for more money.
The $2.75 million was to be paid in case Brown was fired before Dec. 31, 2014. The payments were to be made in four annual installments. Brown s contract included the job with the annual salary in case Brown resigned.
Brown has called his departure a mutual decision by himself, school President Bill Powers and athletic director Steve Patterson.