Overview
- The agreement was announced days before No. 5 Texas Tech (11-1) faces No. 11 BYU in the Big 12 Championship Game in Arlington, a matchup after which the Red Raiders are widely viewed as a near-lock for the College Football Playoff.
- McGuire will make $6.5 million next season with $100,000 annual increases, topping out at $7.1 million in 2032, plus up to $1.2 million in yearly bonuses, according to the Lubbock Avalanche-Journal as cited by the AP.
- Athletic director Kirby Hocutt framed the deal as a long-term investment to sustain success, saying the program expects to contend for the Big 12 and College Football Playoff on an annual basis.
- McGuire has compiled a 34-17 record over four seasons with Texas Tech and has taken the Red Raiders to a bowl game each year.
- McGuire publicly credited major donor Cody Campbell for driving an aggressive NIL and transfer strategy that helped land headliners such as pass-rusher David Bailey, who reportedly received an offer worth more than $3 million.