Coach Bruce Pearl has agreed in principle to a one-year contract extension that will keep him at Tennessee through 2013 and increase his compensation package to $1.3 million this year.
The 47-year-old Pearl has revived the Volunteers' men's basketball program with showmanship - including his bright orange blazers - unbounded enthusiasm and winning since his arrival two years ago.
The Vols have reached the NCAA tournament twice in as many years, appearing in the round of 16 this past season after a 24-11 regular season and second-place finish in the SEC.
"Not only is Coach Pearl one of the very best coaches in the nation, but more importantly he has become a great ambassador for our university during his tenure," Tennessee President John Petersen said in a statement.
Pearl was scheduled to get a $100,000 raise to $1.2 million next season under his old contract. Now he will get an additional $100,000. Scheduled raises in future years will take him to $1.7 million in 2011-12.
This was expected, but being the cynic that I am the contract extension means nothing to me. Pearl will jump ship for a bigger fish when they come calling.