KNOXVILLE, Tenn. (AP) — Tennessee coach Bruce Pearl will make an average of $2.3 million annually through his new six-season contract, which ranks him among the best-paid basketball coaches in the country.
Pearl will earn $1.6 million in the 2008-09 season but is also receiving a one-time $250,000 bonus and an upfront retention bonus of $1.5 million this year. His salary will increase incrementally to $2.2 million in the 2013-14 season.
Should Pearl, 48, leave Tennessee in the next year, his buyout would cost $2.5 million — a figure that will decrease incrementally over the next four years to $1 million.
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Pearl's contract includes a base salary of $350,000, $500,000 for media commitments, a $500,000 equipment fee and a $250,000 endorsement fee.
He will receive bonuses based on the team's highest achievement each season. Winning an SEC regular season or tournament comes with a $75,000 bonus, a Final Four appearance nets a $100,000 bonus and a national championship earns an extra $250,000. He also would receive a $25,000 bonus for being named SEC coach of the year or $50,000 for national coach of the year.