Dooley’s buyout with Vols could be $5M
March 31, 2010
KNOXVILLE, Tenn. (AP)—Tennessee has written some hefty protection both for theprogram and the coach into its deal with new coach Derek Dooley.
The university released the memorandum of understanding signed by Dooley onMarch 3 on Wednesday.
Dooley would have to pay $4 million if he resigns before Feb. 15, 2012, anumber that drops to $3 million through the next year.
He would pay $1 million to buy out his contract starting Feb. 16, 2013,$750,000 a year later, and $500,000 in 2015.
Tennessee’s buyout to get rid of Dooley is even steeper. He would be owed $5million through Feb. 15, 2013, a number that drops to $4 million into 2014 and2015. The buyout falls to $2.5 million after Feb. 15, 2015.
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