So much, and understandably so, of the UT discussion pertaining to acquiring Beard is focused on the financial side, I think some significant non-dollar related issues are by and large mostly overlooked.
He's lived in Lubbock 14 years now and genuinely likes it and considers it his home. Additionally, his daughters, with whom he's very close, are relatively close as they live in Abilene. His serious, long time girlfriend is coaching in Lubbock as a head coach.
I see where he's supposedly already the 11th highest paid college in the country and should another elite 8 or better appearance be made this season, Hocutt could make that change for the better in a hurry. Also, TT is currently in the midst of building Beard a literally state of the art basketball facility of basically his own design, creation and druthers. Additionally, he feels he has some true ringers slated to come into the program.
This is all not to say his departure is an impossibility of course, but merely should UT decide they wanted to pay the price, I don't think his decision would be solely based on financial considerations.