The University of Tennessee announced earlier this week that head basketball coach Bruce Pearl has agreed in principle to a one-year contract extension and increased compensation.
The new agreement reportedly will be finalized soon and comes following a season in which the Vols recorded the second-most wins in school history.
The new agreement increased Pearl’s annual total compensation package to $1.3 million for the 2007-08 season and runs through the 2012-13 basketball season. Pearl’s base salary will rise from $300,000 to$325,000. In addition, Pearl receives $400,000 for radio and television commitments, a $375,000 equipment fee and a $200,000 endorsement fee.
“I am grateful to President Peterson, the Board of Trustees, Athletic Director Mike Hamilton, my staff and of course our players,” said Pearl.... read the rest of the story by Subscribing now.