The moment we've all been waiting for has arrived: the Baylor Board of Regents has approved a contract extension for Art Briles through the 2023 season with a buyout that is reportedly "significant" according to Chuck Carlton of the Dallas Morning News. I can confirm this (for whatever that is worth) with what I've been told. From Carlton on Twitter:
Baylor's board of regents today extended football coach Art Briles' contract through 2023, when he will be 68.— Chuck Carlton (@ChuckCarltonDMN) November 14, 2013
Art Briles had received an 8-year extension last year averaging $3.5 million. This adds three additional years to the deal.— Chuck Carlton (@ChuckCarltonDMN) November 14, 2013
The message is pretty clear -- Art Briles will opening up Baylor's new stadium in 2014. Told the buyout would be significant.— Chuck Carlton (@ChuckCarltonDMN) November 14, 2013
I'm going to agree with Chuck in that last tweet. In the aftermath of this news, people around the country will likely continue to speculate wildly that Briles may be a candidate for other coaching jobs. They will be wrong. Doing this now represents a commitment-- a sign of loyalty -- from both sides, Baylor and Briles, to the other. Sure, phone calls will probably still be made, if they haven't been already. But as I said above, the reported buyout attached to this deal is tremendous. I feel very confident saying that he will be a Baylor Bear for a long, long time.
Art Briles' new 10-year deal at Baylor will put him in top third in Big 12 in average annual pay— Joe Schad (@schadjoe) November 14, 2013
UPDATE 2: From Briles via Smoaky...
Art Briles 2 me on extension, "Honored & humbled that my staff & I are representing 1 of finest Universities in America for many yrs ahead"— David Smoak (@DavidSmoak) November 14, 2013
And now I'm going to celebrate! For more info and updates on the story, hit the thread on the mothership. I will also update this thread as more information becomes available.