The University of Texas System Board of Regents is prepared to approve a seven-year, $10 million guaranteed contract for new athletic director Chris Del Conte, formerly of TCU.
The agenda has been posted online here.
In addition, the board is set to approve new contracts for defensive coordinator Todd Orlando and offensive line coach Herb Hand, who was hired away from Auburn in January. Orlando's deal will reportedly be for three years and raise his annual salary to $1.7 million, while Hand's contract will be for three years with an annual salary of $640,000.
Del Conte's contract starts with a salary of $1.31 million and increases to $1.34 million in 2018-19; $1.38 million in 2019-20; $1.42 million in 2020-21; $1.47 million in 2021-22; $1.52 million in 2022-23; and $1.57 million in 2023-24. It includes additional signing and performance bonuses that are payable upon regents' approval.
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Texas will also pay TCU a buyout payment of $1,000,029 for hiring Del Conte.