When the University of Texas hired Tom Herman away from the University of Houston, the move triggered buyout clause in Herman’s contract. As a result, Texas now owes Houston $2.5 million. Today at new Houston coach Major Applewhite’s introductory press conference, UH athletic director Hunter Yurachek told Mark Berman of Fox26 Houston and other reporters that the Cougars offered Texas a creative way to offset the $2.5 million. Yurachek offered Texas AD Mike Perrin an opportunity to schedule a home-and-home series in both football and men’s basketball. The Longhorn athletic director declined the offer from Yurachek. Texas must pay the $2.5 million buyout within 60 days from the day Herman officially resigned.
Hunter Yurachek offers Texas chance 2reduce Tom Herman $2.5M buyout by Horns play UH home &home n football &hoops.UT AD Mike Perrin declined pic.twitter.com/3lWR6qvV8m
— Mark Berman (@MarkBermanFox26) December 12, 2016
Cody Junot joined College AD in November, 2014 as a contributing writer and was shortly promoted to Associate Editor in July, 2015. Cody graduated from UL Lafayette in 2011 with a degree in Sports Management.