Texas Tech’s Joey McGuire Secures Contract Extension Through 2032
Joey McGuire, head coach of Texas Tech football, has secured a contract extension that runs through the 2032 season. Announced on December 2, the deal guarantees McGuire an average salary of at least $6.8 million per year, according to statements from Texas Tech athletics.
Contract Details and Financial Implications
The extension begins at $6.5 million for the 2026 season, increasing incrementally by $100,000 each year, reaching up to $7.1 million by 2033. Additionally, McGuire is eligible for bonuses of up to $1.2 million annually.
- Contract Duration: Through 2032
- Initial Salary: $6.5 million (2026)
- Salary Increase: $100,000 yearly
- Top Salary: $7.1 million (2033)
- Bonus Potential: Up to $1.2 million annually
This agreement is pending final signatures and approval from the Texas Tech University System Board of Regents.
Termination and Buyout Conditions
If Texas Tech decides to terminate McGuire without cause, the university would owe him 70% of the remaining contract value. This buyout amount increases to 80% if the team wins the Big 12 championship starting in 2026. Should McGuire pursue opportunities elsewhere, he would be responsible for repaying 50% of the remaining contract value if he takes a job at another Big 12 institution or any Texas program. For positions outside these parameters, the repayment obligation would be 40%.
Current Season Performance
In the ongoing season, Texas Tech holds an impressive record of 11-1 overall and 8-1 in the Big 12 conference. The team is set to compete against Brigham Young University in the conference championship game on December 6 at AT&T Stadium in Arlington.
Joey McGuire’s successful management of the team this season has contributed to this substantial contract extension. His leadership will be crucial as the Red Raiders aim for continued success in the forthcoming championships and seasons.
