Kirby Hocutt isn’t going anywhere.
On Friday evening, the Texas Tech Board of Regents approved a raise and contract extension that will keep the Red Raiders Athletic Director in Lubbock through 2025, according to a report from Don Williams of the Lubbock Avalanche-Journal.
“The Tech Board of Regents on Thursday authorized Tech President Lawrence Schovanec to execute the new contract with Hocutt, the Red Raiders’ AD since 2011. A-J Media learned the length and dollar amount Friday. A source said Hocutt has agreed to the terms and is prepared to sign when the contract is presented to him.”
According to the report, Hocutt’s extension through 2025 becomes his third new deal in just two years, and adds two years to his current contract. The price tag that comes along with keeping Hocutt in place for such a lengthy period of time is reportedly $11.3 million, which doesn’t include bonuses.
Collectively, Hocutt’s new deal is for eight years and he’s now one of the highest-paid athletic director’s in the nation.
Hocutt, who also serves as the Chairman of the College Football Playoff committee, has been in place as Texas Tech’s Athletic Director since 2011.
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