The University of Texas will hire Chris Beard of Texas Tech as their next head coach.
Beard's buyout to go to another Big 12 school dropped to $4 million on Thursday.
Beard has established himself as one of the best coaches in the country during his five seasons at Texas Tech, leading the Red Raiders to a national title game appearance in 2019 and an Elite Eight in 2018.
Beard went to Texas and started his coaching career as a student assistant under Tom Penders with the Longhorns.
Shaka Smart left the Longhorns to become head coach of Marquette in March.