Tennessee announces Pearl's contract

The University of Tennessee announced today that University of Tennessee Head Basketball Coach Bruce Pearl has been awarded a one-year contract extension coupled with an increased compensation package. The new agreement comes following the Vols third SEC Eastern Division championship in four years.

Under the new agreement, which runs through the 2014-15 basketball season, Pearl will receive $1.9 million annually in 2009-10. His base salary rises from $350,000 to $375,000. In addition, Pearl receives $525,000 for radio and television commitments, a $525,000 equipment fee and a $475,000 endorsement fee.

Pearl’s previous contract included a $500,000 longevity bonus due in the 2009-10 season, which will make his total compensation for the 2009-10 season $2.4 million.

I look forward to being the men’s basketball coach at Tennessee for many more years.

Bruce Pearl

“I am grateful to President Simek, the Board of Trustees, Athletic Director Mike Hamilton, my staff and of course our players. I appreciate the Tennessee fans everywhere for the support they have shown our team,” said Pearl. “The University of Tennessee has so much to offer – from great academic programs to incredible athletic resources to the most passionate fans in the country. I look forward to being the men’s basketball coach at Tennessee for many more years.”

Pearl is leading a major renaissance period in Tennessee basketball history entering his fifth season as the program’s head basketball coach. UT basketball has been revitalized in terms of fan support, facilities and victories since Pearl’s arrival in March 2005.

Since Pearl has been at the helm of Tennessee’s basketball program, UT has seen revenue rise from approximately $4.15 million in 2004-05 to $8.48 million in fiscal year 2009.

In four seasons at Tennessee, Pearl has led the Vols to an average 25 wins a season, an overall SEC Championship, three SEC East Championships, the school’s first No. 1 national ranking, and four consecutive appearances in the NCAA Tournament. He has been named SEC Coach of the Year twice (2006 and 2008) and earned national coach of the year honors two times. During Pearl’s time at Tennessee, the Vols have had 46 conference wins, which is the most in the league during that span, and Tennessee is the first program to finish ahead of the University of Kentucky in the final SEC standings for four straight years.

We appreciate everything Coach Pearl has accomplished for our basketball program in such a short amount of time

Mike Hamilton

“The athletic department is the front porch to the larger institution. Coach Pearl has created a national enthusiasm around our basketball program, raising its expectations and those of our basketball community,” said Hamilton. “We appreciate everything Coach Pearl has accomplished for our basketball program in such a short amount of time, and I look forward to many more successful seasons with him at the helm of our program.”

Should Pearl choose to leave the University for another coaching opportunity, he would have a liquidated damages obligation owed to the institution of $1.8 million in 2009. These liquidated damages will incrementally decrease to $1 million.

All funding for the athletics department, including coaches’ salaries, is from monies generated by athletic resources and not from appropriated funding by the state of Tennessee or other university-related revenues.

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Comments » 12

panties4tebow writes:

KNS let us down again....no ignore button!

TrouserCough writes:

Just win baby

jmillran writes:

in response to MorristownVOL:

(This comment was removed by the site staff.)

Wow, it never fails to surprise me how dumb some people really are.

BasketVoller writes:

in response to MorristownVOL:

(This comment was removed by the site staff.)

The fact that you just said a UT men's basketball team underachieved when they made the NCAA tournament and the SEC tournament finals is enough to reward Coach Pearl.

CoachFulmer writes:

I dont like the new format. If its not broke, don't fix it.

ONUV writes:

boooooooooooooooooooooooooo

tdtnsee writes:

Coach Pearl is this best thing that's happened to mens bball in a long time! The ones on here saying he's making to much money are the same ones that was cring when you thought he was leaving for memphis,you need to quit your complaining and be glade we have such a great coach that has improved the mens team more than anyone else in recent memory! Go vols!

jhayes0926#638474 writes:

why disguise part of the pay as "equipment fee"?

I think he is paid just about right, but we must see some improvement in the next season and the season after (such as going to the sweet sixteen). Otherwise, there will be a lot of dissension swelling in the fans.

BasketVols writes:

in response to BasketVoller:

The fact that you just said a UT men's basketball team underachieved when they made the NCAA tournament and the SEC tournament finals is enough to reward Coach Pearl.

Nice screen name....

I agree wholeheartedly with what you typed.

Bigger_Al writes:

Yes! Coach Pearl is the best thing to happen to UT hoops since Ernie and Bernie.

Here is the bottom line: "Since Pearl has been at the helm of Tennessee’s basketball program, UT has seen revenue rise from approximately $4.15 million in 2004-05 to $8.48 million in fiscal year 2009."

And here is the best: Pearl has beaten the bejeezus out of the Florida Gators with an overall record of 7 -1. That includes a 3 -1 record over the back-to-back championship teams.

Florida fans and some other SEC fans are jealous of Bruce, but only Cheatin' Illini fans hate Pearl! I think some of the nay-sayers on here are Cheatin' Illini fans that are bitter about getting caught buying recruits. (Sounds like Bama fans, eh?)

The future's so bright, gotta wear my orange shades!

oldvolsfan writes:

in response to ONUV:

boooooooooooooooooooooooooo

are you tarheel numnuts

BasketVoller writes:

in response to MorristownVOL:

(This comment was removed by the site staff.)

You just named some of the best basketball schools in the nation. That is like comparing a Tennessee football coaching change to a Kentucky football coaching change -- they happen for different reasons because of different expectations. Can those expectations change? Of course they can, I expect Pearl to do alot more with this team this year since it is virtually the same team.

Whether you like it or not Pearl has a system that he likes to play. Last year the team did not fit the system he generally ran and he had trouble finding the squad he wanted out there. I expect him to adjust this year because that is what he is paid to do. Only time will tell I suppose.

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