Tennessee men's athletic director Mike Hamilton has been "awarded" a more lucrative contract, according to a university release late Friday afternoon.
Hamilton's contract was extended from 2012 to 2014 in January, but specific compensation figures weren't released until Friday. As a result of that delay, Hamilton will receive a retroactive payment of $125,000.
The new contract will add up to at least $600,000 for 2009-10 and $525,000 in 2010-11, but various bonuses could result in a larger bump. He pulled in $339,575 this year, according to UT documents.
"Mike Hamilton continues to be an outstanding leader for the high-profile men's athletics department at the Knoxville campus," interim UT president Jan Simek said in a prepared statement. "He has had to make tough decisions in the last few years, and he has proven over and over the ability to meet or exceed expectations.
"This new agreement is a sign of our confidence in him."
Hamilton's base annual salary goes from $274,575 to $350,000 in the coming school year and to $400,000 in 2010-11. His annual supplemental compensation from media rights and appearances will rise from $40,000 to $90,000. His expense allowance will jump from $25,000 to $35,000, and his potential team performance and academic bonuses will double to $250,000. The SEC Rocks!
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