A look at Rick Barnes' new $26 million deal

Tennessee has released details head basketball coach Rick Barnes’ new contract.

After rebuffing UCLA, Barnes will earn $26 million guaranteed over the next five years from the Vols.

In Year 1of the new five-year deal, Barnes will make $4.7 million. That guaranteed salary jumps $250,000 a year making his Year 5 guaranteed salary $5.7 million.

Barnes’ incentive package has increased as well. If his team wins or shares the SEC regular season title, he will receive a $400,000 bonus. An SEC tournament championship title would mean another $200,000.

Barnes receives $200,000 for reaching the NCAA tournament and would get $1 million bonus for making the Final Four.

Barnes has incentives for coach of the year honors and he receives a bonus for his team being ranked at the end of the season. If his team finishes in the Top-25, Barnes will receive $100,000. In the top 5, it’s $400,000.

The contract states that any incentives/bonuses that Barnes earns are to be paid for by donors not the University.

Barnes also receives use of an private plane for 10 round trip flights in the continental United States for each year of his contract.

If the University fires Barnes before May of 2022, then they would owe him 100% of the remaining base and supplemental pay on the remaining years of the contract. After May 1, 2022 that drops to 50%.

There is no change in Barnes’ buyout if he decides to leave. He would owe the University $1 million for every year remaining on the contract.