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Chris Beard Just Became One Of College Basketball's Highest-Paid Coaches

texas tech men's basketball coach chris beard

ANAHEIM, CALIFORNIA - MARCH 30: Head coach Chris Beard of the Texas Tech Red Raiders celebrates after defeating the Gonzaga Bulldogs during the 2019 NCAA Men's Basketball Tournament West Regional at Honda Center on March 30, 2019 in Anaheim, California. (Photo by Sean M. Haffey/Getty Images)

If you're a major college basketball program in need of a new head coach, good luck prying Chris Beard away from Texas Tech.

Beard, 46, appears to be set on staying in Lubbock, Texas for a while longer.

The school announced this afternoon that it has agreed to a massive contract extension with Beard, whoo's coming off a national title game appearance.

The contract is worth $4.575 per season and runs through 2024-25.

"Thank you to President Schovanec, Kirby Hocutt, Tony Hernandez, Chancellor Mitchell and the Board of Regents for making this strong commitment to both me and our men's basketball program," Beard said in a statement. "Thank you to our players and staff, both former and current, for your commitment to winning. Special thanks to our fans and our students for your incredible support and passion. Together we have accomplished some great things in the past three years but we are not satisfied and will continue working tirelessly to build one of the best college basketball programs in the nation."

This new contract makes Beard the third-highest paid head coach in the country, trailing just Kentucky's John Calipari and Duke's Mike Krzyzewski.

Beard, a Texas alum, has been at Texas Tech since 2016. He's led the Red Raiders to back-to-back NCAA Tournaments, including an Elite Eight run in 2018 and a national title game appearance this past season.