New Contracts For Fulmer & Pearl

Tennessee signed football coach Phillip
Fulmer and basketball coach Bruce Pearl to new deals Wednesday that
will keep them with the Volunteers through 2014.
Fulmer's deal is worth an average of nearly $3 million over the
next seven seasons, and the nearly $1 million raise makes him the
fourth-highest paid coach in the Southeastern Conference.
He will get $2.4 million for the upcoming season and his salary
escalates to $3.3 million in 2014 with automatic raises of $150,000
annually. Fulmer will also receive raises for achieving certain
goals, such as an additional $350,000 for winning an SEC
championship or an additional $850,000 raise for winning a national
Fulmer would receive $1 million longevity bonus in December
2012, which would be his 20th anniversary as head coach.
Pearl was previously signed through 2013 and made $1.3 million
last season. His new deal increases his salary to an average $2.3
million a year. It includes a $250,000 bonus and an upfront
retention bonus of $1.5 million.
Should he chose to leave Tennessee in the next five years, Pearl
would owe a buyout that starts at $2.5 million and decreases
incrementally each season to $1 million.
Under Pearl, Tennessee experienced its best season with a 31-5
record, the first outright regular season Southeastern Conference
championship since 1967 and a second-consecutive NCAA tournament
regional semifinal appearance.
The Vols also achieved their first top ranking in The Associated
Press basketball poll after toppling previously unbeaten Memphis.