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Monday, January 13, 2014

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UT System Regents approve contract negotiations

The University Of Texas System Board Of Regent has authorized The University of Texas at Austin President Bill Powers to conclude negotiations and execute an employment contract for Charles R. Strong as the new head football coach for UT Austin.

The regents’ unanimous vote came during a special telephone conference call meeting Monday morning in Austin.

Although Strong, the former University of Louisville head football coach, accepted the job offer two weeks ago, the terms of the contract must be approved by the Board of Regents. Athletic contracts that exceed $ 250,000 per year must receive Board approval according to Regents’ Rules.

The term sheet approved by Regents is available here.

About The University of Texas System

Educating students, providing care for patients, conducting groundbreaking research and serving the needs of Texans and the nation for more than 130 years, The University of Texas System is one of the largest public university systems in the United States, with nine academic universities, six health institutions and a fall 2013 enrollment of more than 213,000. The UT System confers more than one-third of the state’s undergraduate degrees, educates two-thirds of the state’s health care professionals annually and accounts for almost 70 percent of all research funds awarded to public universities in Texas. The UT System has an annual operating budget of $14.6 billion (FY 2014) including $3 billion in sponsored programs funded by federal, state, local and private sources. With more than 87,000 employees, the UT System is one of the largest employers in the state.

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