Extension for Vols' Jones includes buyout increase
KNOXVILLE, Tenn. (AP) Tennessee coach Butch Jones' contract extension increases the buyout he would have to pay if he chooses to leave before the end of the next two seasons.
Under terms of the contract addendum released Wednesday, Jones would owe the university $4 million if he chose to leave before March 2016.
He'd owe $3 million if he opted to leave between March 1, 2016, and Feb. 28, 2017. He would owe $2 million if he chose to depart from March 1, 2017, to Feb. 29, 2020.
Jones' original contract called for him to pay $3 million if he chose to leave before March 2016 and $2 million if he left before March 2019.
Tennessee announced Monday it was extending Jones' contract through 2020 and increasing his annual pay to $3.6 million.