Newly named Vols head football coach Jeremy Pruitt will make $3.8 million per year under a six-year contract, according to the memorandum of understanding released by the University of Tennessee.
Pruitt's contract runs through Jan. 31, 2024. His base salary will be $275,000, with additional annual compensation of $3.525 million for broadcast, endorsement and consultation contracts.
If he's fired without cause, the university will owe Pruitt 60 percent of his remaining salary as a buyout.
If Pruitt leaves UT before Dec. 15, 2018, he will owe UT $6 million. That number decreases by $1 million per year until 2022.
Pruitt can earn several performance-based bonuses if the Vols win the SEC East, the SEC Championship or a national title, among other performance marks. He stands to receive $100,000 if the team appears in the SEC Championship game, and $300,000 if the Vols win the SEC Championship.
Pruitt will get a $100,000 whenever the Vols play in a bowl game, $300,000 for appearing in a College Football Playoff semifinal game, $400,000 for appearing in the CFP Championship game and $500,000 for winning a National Championship.
The maximum he can earn in incentives per year in $1.2 million.