On Monday morning, Texas Longhorns interim head coach Rodney Terry was on the verge of officially taking over the program — according to a report from Jon Rothstein of CBS Sports, the school is finalizing a deal with Terry to officially replace Chris Beard, who was fired in January following his December arrest for felony domestic violence, a charge that was later dropped.
By Monday afternoon, Texas and Terry reportedly agreed to a five-year deal worth approximately $3 million annually, two years shorter and about $2 million less per year than the Horns were paying Beard.