Grant McCasland’s contract with Texas Tech: How much money does the Red Raiders coach make?

The impact that Grant McCasland has had on Texas Tech since his arrival at the start of the 2023/24 season can hardly be overstated. The Texas native took over a team that had finished 9th the previous year, with a 16-16 record, and delivered consecutive seasons of 20+wins.

This year the team finished the regular season with a 25-8 record to claim second place in the Big 12 Conference and they booked passage to the Sweet 16 stage with a win over the Drake Bulldogs last weekend.

McCasland took North Texas to the Round of 32 in 2020/21 but this year’s performance with the Red Raiders ranks as his greatest coaching achievement to date. He’s repaid the faith that Texas Tech placed in him with last year’s contract extension.

How much is Grant McCasland’s salary?

When McCasland signed with Texas Tech in April 2023 he put pen to paper on a six-year deal worth $18.15 million. But the overperformance was so remarkable that by the following May an extension had already been agreed, significantly upping his earnings.

The new contract added an extra year onto the deal and upped the total earnings to $24.9 million across the course of the remaining six years.

The extension has significantly upped McCasland’s place in the NCAA basketball coaching pecking order. His previous salary of $2.9 million per year made him 43rd-highest-paid coach in college basketball. McCasland’s current $3.9 million takes him into the top 20 nationally, and into the top five in the Big 12 conference.

His Texas Tech team remains in the hunt for a national championship, the first in the team’s 100-year history. The team made it to the championship game in 2019 but fell just short. For now, however, McCasland is looking to savour the victories on this impressive March Madness run.

“I’m going to celebrate this one and celebrate our guys being here, and we’ll talk about that,” McCasland said, looking ahead to the next round. “We’ll have plenty of time to celebrate that... We are excited to move on, and that’s been our vision for this the whole time. One thing I do know, we’ll have Red Raiders in San Francisco.”

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