It’s been a good year for Kirby Hocutt. His basketball team returned to the NCAA Tournament, then made a nice rebound hire in Chris Beard when Tubby Smith bolted for Memphis. His baseball team won its first-ever game at the College World Series, then held onto head coach Tim Tadlock when Texas came calling. His football program is positioned for a solid year, with rare stability at the defensive coordinator position and perhaps the most talented quarterback in school history in Patrick Mahomes. He reached a new level of professional currency when he was named chairman of the College Football Playoff selection committee.
That last bit has led to a handsome new contract that pushes his salary to north of $1 million a year.
As detailed by the Lubbock Avalanche-Journal, Hocutt has inked a seven-year contract that pays him a sum of $7.525 million. He’ll earn $1 million in the first year and net raises of $25,000 each year, plus bonuses that could reach as much as $225,000 each year. All told, theoretically, Hocutt could earn $1.4 million by the final year of his contract.
“I couldn’t feel more fortunate to have the support that I’ve enjoyed and continue to enjoy at Texas Tech University,” Hocutt told the paper. “The leadership continues to be tremendous. I couldn’t be more excited about President Schovanec. The support he provides, that Chancellor (Robert) Duncan provides, I couldn’t be more fortunate as an athletics director.”
Salaries for athletics directors aren’t as easy to track as coaches but, according to the most recent data on file, Hocutt appears to be one of just eight active ADs to earn seven figures — and more than the ADs at both Texas and Texas A&M.
In addition to Tech’s success in the big three sports — the Red Raiders were the only Big 12 program to reach the postseason in football and men’s basketball while also reaching the College World Series — 11 of the school’s 14 other programs also reached the postseason, including Big 12 titles in soccer, men’s tennis and baseball.