Texas Tech rewards Joey McGuire with new 7-year contract

Texas Tech and head coach Joey McGuire agreed Tuesday on a new seven-year contract that takes him through the 2032 season and raises his salary.

McGuire's average annual salary will jump to nearly $7 million per year, and he'll be earning more than $7 million by the end of the contract plus incentives, Yahoo and ESPN reported.

Texas Tech confirmed the length of the deal and the presence of a raise but not the specific financial terms.

McGuire, 54, has guided the fourth-ranked Red Raiders to an 11-1 record and a berth in the Big 12 championship game against No. 11 BYU. Texas Tech, which was seeded No. 4 when the College Football Playoff committee released the latest rankings on Tuesday, is seen as a virtual lock for its first CFP playoff berth regardless of whether it wins the conference title.

"We believe the future of Texas Tech Football has never been brighter under Coach McGuire's leadership," athletic director Kirby Hocutt said in a statement. "Our success this season is not a one-year plan. We fully intend to be an annual contender in the Big 12 Conference with our eyes on the College Football Playoff each and every season. We have the right leader in Coach McGuire to keep elevating this program, and this contract extension is a reflection of our investment in sustaining this success for years to come."

"I couldn't be more thankful for Kirby Hocutt and our administration for the belief in this football program," McGuire said. "I've said it countless times but my family and I love Lubbock, this university and this fan base. We expect to continue to elevate this program where appearances in the Big 12 title game, like this Saturday, and the College Football Playoff are expected on an annual basis."

McGuire has compiled a 34-17 overall record and a 24-12 Big 12 mark in his four seasons on the job, taking Texas Tech to a bowl in every season. The Texas native was hired in late 2021 after working on Baylor's staff for five years and as a high school coach for two decades before that.

He is the latest in a long line of head coaches nationwide who have received lucrative extensions while Penn State and a number of SEC teams have had job openings to fill.

--Field Level Media