Update: Fulmer fundraising gig to run through February

Phillip Fulmer is no longer the football coach at Tennessee, but he will still be working for the University.

Sources at the University confirm that Fulmer has accepted a position as Special Assistant to the President. Fulmer's role will focus on "Special Assignments and Fundraising."

His role will be targeted university-wide, rather than being specifically within the athletic department.

Fulmer's appointment is set to last until the end of February.

In a release, the university said the $12,500-per-month pay rate will be supplied via donations from private donors, and that Fulmer will also receive employment benefits as a full-time university employee.

Fulmer was quoted in that release as saying he looked forward to the opportunity.

"I am not yet certain what the future holds for my career, but I'll always support my alma mater, and I appreciate the opportunity to help the University out now," Fulmer was quoted.

Fulmer is in New York right now, seeing friends and colleagues honored at the National Football Foundation's College Football Hall of Fame inductions.

Fulmer was reportedly interested in the Clemson head coaching job, but the Tigers gave that position to Dabo Swinney. It has also been reported that Fulmer was contacted by Mississippi State about their open coaching job, but he did not pursue that option.

Fulmer told 10 News the week of the Kentucky game that he had several interesting options he was weighing, and that he would not get back into coaching unless it were a job he could be passionate about.

The school's second winningest coach announced November 3 that he was accepting the University's decision that he not return as head coach. Tennessee owes Fulmer $6 million for a buyout clause in his contract.