Preheat oven to 300 degrees F. Cover a large baking sheet with parchment paper or foil. Set aside.

Place hot sauce and butter in a small sauce pan over medium heat, stirring until butter is melted. Add the rest of the seasonings. Remove from heat.

Place pretzels in a large bowl. Pour hot sauce mixture over the pretzels. Use tongs to stir well so pretzels are evenly coated.

Spread pretzels out on the baking sheet in a single layer. Bake for 30 minutes, stirring well every 10 minutes to prevent burning. Let cool on pan. Serve immediately or place in an airtight container for 3-5 days.