KNOXVILLE, Tenn. (WVLT/AP) -- Buyouts have plagued the University of Tennessee athletics department for years, will the departure of former Lady Vols head coach Holly Warlick continue the trend?
In January of 2019, the UT athletics department reported a budget deficit of nearly $6.5 million for the 2018 fiscal year, thanks in part to hefty buyouts for former football coach Butch Jones and athletic director John Currie.
That report stated that the department had expenses of just over $150 million for the time period stretching from July, 1 2017, through June 30, 2018. Those expenses included $13.8 million in severance payments.
In August of 2018, Warlick received a three-year contract extension along with a $25,000 raise. At that time, Fulmer had said Warlick's contract would run through the 2021-22 season. The raise put Warlick's salary at $690,000.
That agreement stated that if Warlick was fired without cause any time before March 31, 2020, the school would owe her one-third of the money she would have earned up until the expiration of her new contract, which was set to end on April 30 in 2022.
If that still stands, the school would owe her around $690,000. When the university announced Warlick's departure, it did not comment on this possibility.