Salary increased from $1.8M to $2.05M
KNOXVILLE, Tenn. -- Tennessee's Phillip Fulmer received a raise that will push his salary over $2 million per year, putting him among the top paid coaches in college football.
Fulmer's total contract was increased from nearly $1.8 million to $2.05 million annually and extended by one year to 2011, university officials announced Tuesday.
The 54-year-old took over as Volunteers head coach at the end of the 1992 season. He has the longest tenure among current Southeastern Conference coaches and a record of 123-31.
"I can honestly say that I have the best job in America, serving as an ambassador for the state and university that mean so much to me," Fulmer said in a statement. "There is no place I'd rather be than on our campus and on our sideline teaching our young men."
Tennessee was 10-3, won the SEC East and beat Texas A&M in the Cotton Bowl last season. It was Fulmer's eighth season with 10 or more victories.
"Not only did Phillip and his staff do a great job with one of the youngest teams in the SEC, but he continues to represent the university in a positive manner," athletic director Mike Hamilton said. "In a world where coaching changes appear to be coming more frequently, Phillip brings a tremendous amount of stability to our program, and we feel Tennessee football is well-positioned for the future."
Other coaches making $2 million or more annually include Florida State's Bobby Bowden, Oklahoma's Bob Stoops, Texas' Mack Brown and Florida's Urban Meyer. Auburn coach Tommy Tuberville has reached an agreement in principle for a compensation package worth about $2.3 million a year.
Fulmer's base salary rose from $275,000 to $325,000. He gets $800,000 for being on radio and television shows, an equipment and apparel fee of $625,000 and $300,000 for endorsements and appearances.
The new contract changes the amounts of incentives. Instead of getting a percentage of his base salary for accomplishments such as winning the SEC or national championships, the incentives are a flat fee.
Fulmer would get $37,5000 for going to a non-BCS bowl and $250,000 for winning the national championship.
Copyright 2005 by The Associated Press
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