Former Texas coach Mack Brown receives payout, new job
Former University of Texas head coach Mack Brown received a $2.75 million payout and the school placed him in a one-year, $500,000 job as a special assistant to the president for athletics, reports ESPN.com.
The payout would have been owed to him if Brown had been fired, but Brown instead resigned after 16 years at the school in December before Texas was routed by Oregon in the Alamo Bowl.
Brown was under contract at the time he resigned through the 2020 season at more than $5.4 million a season and was replaced by former Louisville head coach Charlie Strong.
"He resigned," Texas spokesman Nick Voinis said. "This is what was agreed to. We're honoring his contract."
Brown's contract had the $2.75 million payable in four equal annual installments if he was fired before Dec. 31, 2014.