Report: Details on Joey McGuire's contract with Texas Tech revealed

Details about Joey McGuire’s new contract as Texas Tech’s newest head coach were revealed, outlining the length and pay he will earn for his position. McGuire’s contract is a six-year deal worth just over $20 million, including $3 million in his first year at the position.

Joey McGuire’s contract details

McGuire’s contract details were shared on Tuesday, along with information about his budget for hiring assistant coaches and support staff.

Joey McGuire signed a contract for six years worth $20.2 million, with a year-one salary of $3 million. He will also be eligible for up to $1 million per year in performance bonuses. Included in the new deal is $250 thousand to pay his contract buyout from Baylor and another $250 thousand as a retention bonus in May of 2025.

Also revealed is that he will have a $4.8 million assistant coach pool. The price is notable when compared to former head coach Matt Wells’ initial contract. Wells’ assistant coach pool was $3.3 million when he took the position. McGuire will also have a pool of $1.85 million for strength and support staff.

Texas Tech’s newest head coach

Just two weeks after firing Matt Wells in his third season, Texas Tech named Baylor assistant coach Joey McGuire as its next head coach.

Baylor is currently 7-2 and holds a No. 18 ranking in the latest AP Top 25 poll; the Bears are scheduled to host the Texas Tech Red Raiders on Nov. 27, the regular-season finale.

McGuire was the associate head coach and outside linebackers coach at Baylor, where he’s been for five seasons. Hired in 2017 by Matt Rhule as a tight ends coach, McGuire was retained by current Baylor head coach Dave Aranda. He later coached Baylor’s tight ends before moving onto his current role.

McGuire’s transition to Lubbock means the longtime Texas football coach will remain in state. Prior to his time at Baylor, McGuire served as the head coach at Cedar Hill High School in Texas, a program that hadn’t won a playoff game prior to his tenure. He took Cedar Hill to 12 straight playoff appearances, four state-championship games and won nine bi-district championships while amassing a 141-42 record.

Five years before his reported hiring at Texas Tech, McGuire made the transition from high school to college as one of Rhule’s first hires. Under Rhule, he helped Baylor turn around its program in three years, going just 1-11 in 2017, then following it up with two-straight winning seasons — 7-6 in 2017 and 11-3 in 2019 — including a Texas Bowl win and Sugar Bowl win. McGuire has aided in a similar rebuild under Aranda, as Baylor went just 2-7 in 2020, Aranda’s first year at the helm; now, Baylor is ranked in the AP Top 25 with a 7-2 record.

On3’s Simon Gibbs contributed to this article.