UT terminated Pearl's contract, but working on new one

HOOVER, Ala. — Tennessee athletic director Mike Hamilton said no one should misinterpret the renegotiation of Bruce Pearl’s contract to coach the men’s basketball team.

“It doesn’t change our stance that we want Bruce Pearl to be our basketball coach for months and years to come,’’ Hamilton told the News Sentinel on Thursday. “The bottom line is the nature of what came to light in the (NCAA) investigation warranted termination of his previous contract as determined by legal counsel.

“That, coupled with the fact we are making changes to the compensation, led to the necessity of a new contract which he has in his hands already. We’re in the final stages of getting that signed.’’

UT announced at a Sept. 10 news conference it had received a letter of inquiry from the NCAA and that the men’s basketball and baseball teams were under investigation along with the football program.

As a result of preliminary findings in the basketball case — which included Pearl misleading NCAA investigators in a June 14 interview about a picture taken of him at his house with a recruit on an unofficial visit — UT announced Pearl would forfeit $1.5 million of his pay over the next five years.

Hamilton said Pearl knew his previous contract would be terminated as a matter of course before the Sept. 10 press conference took place.

Until Pearl’s new contract is signed, he’ll be working under what’s known as a “Letter of Appointment,’’ which is similar to other UT employees. Under those terms, Pearl could technically be fired or quit at any time, according to a WBIR TV report.

Pearl has told the News Sentinel that “No way” does he plan to resign.

Hamilton said the new contract is another five-year deal, but he said he was not at liberty to discuss the terms of the new contract because it has not yet been signed.

According to a Sept.10 UT release detailing the self-imposed sanctions, Pearl’s salary would be reduced $500,000 from July 1, 2010, through June 30, 2011, and by another $600,000 from 2011 to 2012.

From 2012 to 2013, Pearl’s salary would be decreased $200,000, and there would be a $100,000 salary reduction from 2013-2014 and again from 2014-2015.

Additionally, the $500,000 retention bonus Pearl was due to get in 2012 is now scheduled to be paid out in 2015.

“Bruce had the new contract in his hands two weeks ago,’’ Hamilton said. “His lawyers have needed time to review it.’’

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Comments » 81

GuidoVOL writes:

Bruce Pearl IS Tennessee Basketball!

Catchone writes:

"Bruce had the new contract in his hands two weeks ago,'' Hamilton said. "His lawyers have needed time to review it.''
Maybe he's checking out other jobs? Hope UT does not phooey in their mess kit and let Bruce slip away. There is only so much bull a quality coach will and has to put up with and many schools who would love to have him!

tobytyler writes:

Im with plasticman, if pearls gone,Im gone!!! UT BASKETBALL IS RELEVANT NOW!!!! Besides I enjoy the battles he has with Calipari. I dont want that to end.

thereturnoftriumph writes:

in response to Catchone:

"Bruce had the new contract in his hands two weeks ago,'' Hamilton said. "His lawyers have needed time to review it.''
Maybe he's checking out other jobs? Hope UT does not phooey in their mess kit and let Bruce slip away. There is only so much bull a quality coach will and has to put up with and many schools who would love to have him!

if he does bolt, good luck trying to find a new one. i do not see him going anywhere

GOVOLZ1 writes:

in response to Plasticman:

(This comment was removed by the site staff.)

Like....um....the death penalty? :0

jhayes0926#638474 writes:

Don't know that we had a chance to get Adonis, but he is expected to announce next week. Wonder what this does in helping him decide where he will sign. I still expect Memphis to get him.

chrisw2967 writes:

Just sign the man and be done with it.This team has a SEC title to win this year.

shipperman#280095 writes:

in response to slaw_way:

(This comment was removed by the site staff.)

Dude, get over the heckling of Mike Hamilton already. Big Jim Haslem likes him very much, nuff said

Engloid2 writes:

I would bet UT had to pay money to get out of that old contract. It will all end up that Pearl will get as much or more than he was getting to begin with, even after losing the 1.5million.

RoadTrip writes:

Having past involvement in many business contracts, I can attest that if this thing had been done in two weeks it would have set a record. This renegotiated deal will take some time. What if the NCAA comes back with stiffer penalties; what if they come back with light penalties; what if there is a secondary violation in the future; what if there is a major violation in the future; is there a buy-out clause and under what circumstance does it kick in; etc., etc. After all of the "what if's" are answered, then the contract language is negotiated through several drafts. This is how the attorneys churn their fees. Meanwhile his agent is probably sniffing around for a new home 2011 in case things get a little testy.

ivyvol writes:

Hopefully, the $1.5mm he has been docked by UT will be made up outside the UT contract by boosters/supporters etc. and everyone will keep their mouths shut about it.

crimsonviper writes:

in response to back2z1:

(This comment was removed by the site staff.)

Give the color him gone line a rest, Zbob.
You lost the cred with the 63-3 write it down,deal....and you can write that down.

Greyfeathers writes:

A new contract for lyin' Bruce? Whoever said crime does'nt pay?

jgl#233810 writes:

Not sure I see any wisdom in signing a new contract until after the NCAA investigation wraps up, at least not one that covers more than the current season. What's the message here, win if you can, lose if you must, but always cheat?

TommyJack writes:

D-bags out in force tonite.

lshiple2 writes:

in response to jmr68ut:

(This comment was removed by the site staff.)

Bruce did not.... have ... sexual... relations... with....

.... oh, wait we're talking about that other thing Clinton did. My bad.

vandysucks writes:

Please terminate Mike Hamiltons contract. Bruce Pearl put the mend basketball program back on the map. Someone call the moving vans and send them to the Hamilton Residence!

kdub writes:

in response to naffy:

(This comment was removed by the site staff.)

put your crackpipe down dude, lil' Pearl plays with heart and McBee hit shot to beat Kansas and will get better with time. CBP ain't going anywhere this is all just legal wrangling

ddayvolsfan#238252 writes:

I am going to make this perfectly clear, if UT fires Coach Bruce Pearl over this miniscule incident, I will never give them another dollar in donation and I will not purchase any more season tickets or individual tickets to any sporting event.

IN_Volfan writes:

in response to jmr68ut:

(This comment was removed by the site staff.)

"misleading" is more like promising weapons of mass destruction without credible evidence...

back to sports, I am hoping the NCAA doesn't look to make an example out of UT. With the depleted scholarship players on football, it is as if we are already on probation.

IN_Volfan writes:

in response to jmr68ut:

(This comment was removed by the site staff.)

"midleading" is more like promising weapons of mass destruction without credible evidence...

back to sports: I am hoping the NCAA does not drop the hammer and make an example of UT to investigate 3 sports. The self-imposed sanctions may soften the blow, but I fear post-season sanctions for basketball. The decreased # of scholarship football players feels like we are already on probation.

vol_chaz writes:

The timing is to our advantage.. nobody is looking steal a coach from us in October.

CoverOrange writes:

Other than the headline where does this article mention Pearl's contract being terminated? Obviously KNS changed it w/o changing the headline.

crimsonviper writes:

in response to TommyJack:

D-bags out in force tonite.

Like buzzards to road kill.
Or like naffy to a morally corrupt sheep.

CoverOrange writes:

I see, this article has been cross-linked to the "NCAA Investigation" article. Wonder where the original one is. Hey Phil Kaplan!

Volborn writes:

in response to jmr68ut:

(This comment was removed by the site staff.)

I love it how Republicans always refer to Clinton when discussing lies. They look past the "weapons of mass destruction" lies that probably have cost over 100,000 lives. Not sure how many people have died over Bill's cover his arse lies...

rudy123 writes:

in response to thereturnoftriumph:

if he does bolt, good luck trying to find a new one. i do not see him going anywhere

You don't see him going anywhere?? Well, what if a program that down right now, such as Indiana, offers him a fresh start. If he remained here, he would lose the $1.5 over 5 years, but at a different school, he would not lose that money. He would at least get what he was getting here, with the $1.5 and possibly a bigger salary, if he left.
Other colleges see his potential and will try to take advantage of this situation and "Steal" him from us. I am sure that they will try!

TommyJack writes:

in response to crimsonviper:

Like buzzards to road kill.
Or like naffy to a morally corrupt sheep.

He was just helping her thru the fence.

Vol4Life03 writes:

look if they fire him that will be almost the dumbest thang hamilton has done cause he is one of the best coaches in the country and who else would u get???? nobody as good as him keep him everybody makes mistakes!!!! he wont ever do anything like that again!!! keep him and keep the basketball program still going cause pat cant coach both teams !!!!!

hellifiknow writes:

The Ernie Bernie Show. We have played b ball here b4 Pearl. and will after him. Got your back bruce.

Witch_Doctors writes:

in response to TommyJack:

He was just helping her thru the fence.

Witch Doctor say you and Crimpson making W_Ds belly hurt from laughing.
Bones never lie.

Madkels writes:

I'm a little tired of the trolls givng CBP the junk. Give the man credit for coming clean. In the world we live in today, most coaches or athletes would hide behind their attorney and deny, deny, deny until death. I'm behind CBP and pray that we put this contract issue and NCAA issues to bed quickly.

Catchone writes:

What happened to the original article that said;
"Bruce had the new contract in his hands two weeks ago, Hamilton said. His lawyers have needed time to review it. Currently both UT and Pearl are not under contract but working under a letter of understanding and either can terminate employment without penalty".
The KNS pulled that article, something is up, either the article was a mistake or being held up for some reason?

owlcity#660862 writes:

in response to slaw_way:

(This comment was removed by the site staff.)

I hope you are correct, all Pearl has done for Tennessee is win. Also, if I was a Kentucky reporter, I would keep my mouth shut, because all the sh-- that Kentucky does. Pearl is a role model for ALL Tennessee fans and we need to keep him for many years.

crimsonviper writes:

in response to Witch_Doctors:

Witch Doctor say you and Crimpson making W_Ds belly hurt from laughing.
Bones never lie.

Naffy will be baaaaaack soon.

crimsonviper writes:

in response to Navalorange:

(This comment was removed by the site staff.)

bwahahaha!!

mercuryvol writes:

in response to TommyJack:

He was just helping her thru the fence.

Her? It was a he.

GerryOP writes:

in response to back2z1:

(This comment was removed by the site staff.)

Unlike your contract down at the King, there are a few more Ts & Cs to consider. In your case, burn the fries and you're gone.

crimsonviper writes:

in response to mercuryvol:

Her? It was a he.

Nappy is a loser...Not a chooser.

GerryOP writes:

in response to crimsonviper:

Give the color him gone line a rest, Zbob.
You lost the cred with the 63-3 write it down,deal....and you can write that down.

Lil' zzgataboy had cred? I must have missed that.

crimsonviper writes:

in response to GerryOP:

Lil' zzgataboy had cred? I must have missed that.

1 st. post cred Gerry....Now he gets his respect down at the King....some fries would be good about now tho'.

jawga writes:

in response to Madkels:

I'm a little tired of the trolls givng CBP the junk. Give the man credit for coming clean. In the world we live in today, most coaches or athletes would hide behind their attorney and deny, deny, deny until death. I'm behind CBP and pray that we put this contract issue and NCAA issues to bed quickly.

I wouldn't say CBP came clean. That's why UT is in this mess.

murrayvol writes:

in response to TommyJack:

D-bags out in force tonite.

Full moon tomorrow night.

Timed_vol (Inactive) writes:

Who actually pays bruce's salary??

I mean, where is the original source of the money?

etfan writes:

rudy123 Indiana has an excellent coach give 'em another year or two and they will beating everybody.

etfan writes:

in response to owlcity#660862:

I hope you are correct, all Pearl has done for Tennessee is win. Also, if I was a Kentucky reporter, I would keep my mouth shut, because all the sh-- that Kentucky does. Pearl is a role model for ALL Tennessee fans and we need to keep him for many years.

Why you keep dragging other school in our mess

Volumnus writes:

in response to Timed_vol:

Who actually pays bruce's salary??

I mean, where is the original source of the money?

Technically he is a university employee. The athletic dept. used to run on its own budget apart from the academic world. I have not checked it in years, but I would suspect that it is more insulated than years ago. The money comes from a myriad of sources donations, grants, endowments, ticket sales, concessions, licensing(Bill Battles old company), Student athletics fees(being the only state mandated funds), shared conference revenue all come to mind. He is then paid at the behest of the athletic director and athletic board from the budget mentioned above. Think of athletics as the self-funding advertising arm of the university not using tax dollars or academic endowments, but enhancing those with success. CBP has had success, in ticket sales, donations, TV Revenue, post season play, etc. He is a cash cow, which makes this whole thing a bit more touchy than it would be if he were say at slippery rock with a 3 and 14 record. So while he is not self-funding, he contributes a lot to the men's athletic fund picture. (Please note Joan Cronan has had the women's program in the same situation as a self-funding program for years, used to be the only women's program in the country on that footing.)

Anyone more current than I correct me if I am wrong.

CincyOhVol writes:

They ought to give him a pay INCREASE not a decrease!!

Volumnus writes:

Given the gravity of the situation, the level of tension and the threat of sanctions, I would not be surprised to see the contract situation drawn out a bit. It might be convenient for both sides. Plus it might keep the NCAA off balance a bit. I suspect the whole exercise is an attempt to exhibit "Institutional Control" after the fact. I don't see any reason for much concern or discussion.

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