It doesn't say why talks "didn't get serious" with Holtmann or even when he was approached by Tennessee. I disagree that Tennessee is not a good basketball job or that the Pearl tenure was a debacle.
I never called the entire Pearl tenure a debacle. That would be foolish to say. By "Pearl debacles, I thought it was fairly obvious that I was referring to his NCAA violation, lying to investigators, and subsequent firing.
To the contrary, he proved what a good coach can do at UT and how much support the program will receive in return.
I don't disagree, but he also proved Tennessee has to catch lightning in a bottle to achieve that level of success. Tennessee paid Pearl peanuts to come to Tennessee because no other P5 school was willing to touch him after he was blackballed following the Deon Thomas situation. He came in, won immediately with Peterson's players (not a knock on Pearl, just a fact), and made basketball relevant at Tennessee. He took a losing team and made them winners and had a personality that Tennessee fans embraced. It would have worked out long-term if he had only kept his nose clean and/or told the truth. The violation and lies were stupid and petty, but it was a black mark on Tennessee all the same. Only to be followed up 4 years later by hiring another coach who was immediately investigated, fired, and given a show cause penalty.
Pearl's undoing was largely of his own making as most people can see. Not that UT can hire whoever they please... but with the money that you propose? They could do very well.
The point I was trying to illustrate was that 1. Tennessee is never going to throw that kind of money at a head coach in basketball, especially not one who has 6 years HC experience at places like Gardner-Webb and Butler. Heck, they "only" gave a potential HOF coach in Rick Barnes $2.2 million, and most people feel like Tennessee overpaid to get a guy who was just fired at Texas. And 2., we have just never shown a history of paying young and upcoming coaches big money to come prove they can win at the P5 level. We shop from the bargain bin (Pearl, Peterson, Tyndall, Martin) or retread aisle (Barnes). Tennessee would never pay $3 million for 8 years to a guy like Holtmann, but every time we have a basketball coaching vacancy, I see people running out screaming we should pay Shaka Smart $4 million and make him say no, or go get Jay Wright from Villanova and pay him whatever he wants. That just isn't how our AD operates with regards to basketball, and our fans need to realize that.