Donnie Tyndall won't be the highest paid coach in the SEC by far, but he will be getting a hefty raise over his $500,000 annual salary in his latest deal with Southern Mississippi.
According to the Memorandum of Understanding (MOU) between UT and Donnie Tyndall, the new basketball coach will be paid $9.6 million over the six year contract. His base pay will be $245,000 a year, plus $1,355,000 in supplemental pay every year.
In addition, he could earn bonuses for performance, from $25,000 for an SEC regular season championship to $250,000 for an NCAA tournament championship. He would also get bonuses if awarded coach of the year honors or high academic progress (APR).
He will also be offered up to $30,000 for moving expenses, a vehicle allowance, basketball and football tickets, and parking passes.
Tyndall's contract runs from April 22, 2014 to March 31, 2020.
Buyout amounts are also listed in the MOU. If Tyndall chooses to leave before his two year anniversary, he'll owe the school $3 million. After three years, the amount drops to $1.75 million, and in the fourth year, the buyout would be $1.5 million. The university would owe Tyndall those same amounts if he was terminated without cause during those time frames.
The university will pay $500,000 to Southern Mississippi, according to the terms of his contract with them. He had recently signed a four year deal with Southern Miss, with a $500,000 base salary plus incentives.
There are also penalties outlined if the team's APR drops below a certain limit and if Tyndall gets suspended for games.
The MOU will be eventually be replaced with a signed contract.
So where does Tyndall's salary stack up with other SEC schools? His contract places him at 10th on the list, ahead of LSU, MIssissippi State, Texas A&M, and Missouri, which is currently looking for a coach.
SEC coaches annual pay:
1. Kentucky, John Calipari - $5.51M
2. Florida, Billy Donovan - $3.91M
3. Auburn – Bruce Pearl, $2.2M
4. Arkansas – Mike Anderson, $2.2M
5. South Carolina – Frank Martin, $2.1M
6. Vanderbilt – Kevin Stallings, $1.93M
7. Alabama – Anthony Grant, $1.84M
8. Ole Miss – Andy Kennedy, $1.8M
9. Georgia – Mark Fox, $1.7M
10. Tennessee – Donnie Tyndall, $1.6M
11. LSU – Johnny Jones $1.1M (as of 2012)
12. Miss. St. – Rick Ray, $1M
13. Texas A&M – Billy Kennedy, $1M
14. Misouri – vacancy
Top 5 highest paid basketball coaches:
1. Duke, Mike Kryzyzewski - $9.68M
2. Louisville, Rick Pitino – $5.79M
3. Kentucky, John Calipari - $5.51M
4. Kansas, Bill Self - $4.96M
5. Florida, Billy Donovan - $3.91M