Pat Summitt didn’t complete her 40th year as the Tennessee women’s basketball coach, but she did receive the $1 million bonus the university originally committed to paying her if she reached that milestone.
Summitt, 59, had two years remaining on her previous contract that paid her $1.5 million in total compensation for the 2011-12 season.
An amendment document obtained Thursday by the News Sentinel through a public records request stated the university “believes it is fitting and appropriate” to pay the bonus upon Summitt’s retirement to become a head coach emeritus. In her new role, Summitt’s new deal is for one year with a salary of $354,375. She will receive four tickets at Thompson-Boling Arena for home women’s basketball games and the university will arrange for four seats in a comparable location for away games.
Summitt stepped down Wednesday after 38 seasons as coach and was replaced by associate head coach Holly Warlick.
Warlick’s memorandum of understanding, also obtained Thursday, covers four years with a base salary of $485,000. Bonuses and other compensation included in the deal could add up to as much as another $175,000 per year annually. The biggest possible bonuses are for the Lady Vols winning a national championship ($150,000) or for reaching the Final Four ($80,000).
Warlick’s annual salary was $204,000 this past season.