[1] Sverrir retired from top level play in 2010 and took over as head coach of Njarðvík women's team.

In January 2016, Sverrir was hired as the head coach of Úrvalsdeild kvenna club Keflavík, replacing Margrét Sturlaugsdóttir.

[3] He led the club to victory in the Icelandic Basketball Cup on 11 February 2017,[4] and to the national championship on 26 April the same year.

[10][11] Sverrir resigned in 2014 with one year left on his contract after finding out the Icelandic Basketball Federation was actively looking for his replacement.

[12] On 25 February 2022, Sverrir was hired as the head coach of Grindavík, replacing recently fired Daníel Guðmundsson.