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Kiffin signs 6-year, $14.25M contract

Associated Press

Tuesday, October 20, 2009

KNOXVILLE, Tenn. -- Tennessee coach Lane Kiffin, who had been working under a memo of understanding, has signed a six-year, $14.25 million contract. As agreed to when he was hired in November, Kiffin will earn $2 million in 2009, which includes pay for broadcasting responsibilities and endorsements. His salary will gradually increase each season, topping out $2.75 million for the 2014 season. Should Kiffin be fired without cause, he will receive a buyout between $5 million and $7.5 million. ...

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