Tennessee head coach Butch Jones received a $500,000 raise, the school announced Monday afternoon. His new base salary will be $4.1 million after previously making $3.6 million per season.
Jones’ contract remains the same in length – running through the 2020 season. No extension was given at this time after Jones received a two-year extension following Tennessee’s 6-6 regular season in 2014.
“Butch Jones has done an outstanding job leading this football program on and off the field,” AD Dave Hart said in a statement. “As I said recently, Butch has brought stability to our program. When we hired Butch four years ago, he laid out a vision of how he wanted to build this program back to where we all want it to be. We have made great strides, however, it remains an ongoing process. Most importantly, we have the right leader to get us to our ultimate destination and we are rewarding him accordingly.”
“Obviously, very thankful,” Jones added. “We’ve had a supportive administration led by Dave Hart and Chancellor Cheek and we all win with this. I think it’s an illustration of the support they have given us ever since we came here. It’s gratifying in terms of they see what we’re building, they see what goes on here. But it’s really all about the players, it’s about our coaching staff, it’s about everyone in our football organization. So really it’s a tribute to them and everyone associated with our football program.”
Jones’ buyout, should he choose to leave UT at any point on his own, will now be $4,000,000 if he leaves prior to Feb. 27, 2017, it drops to $3,000,000 if he leaves between March 1, 2017-Feb. 28, 2018, then to $2,000,000 if he leaves between March 1, 2018-Feb. 29, 2020 and finally to $1,000,000 if he leaves between March 1, 2020-Feb. 28, 2021
If Tennessee terminates Jones without cause, he will now be owed $2.5 million per year remaining on his contract, mitigated by earnings during the remained of the contract term. Previously that term was $2 million per year.
Jones now moves to sixth in the SEC in head coaching salary, according to these latest figures from KansasCity.com (Jones’ new salary not updated yet):
More to come..
