That adds up to just over $4.6 million.
An athletic department that operated last year at a $1.4 million deficit after firing men's basketball coach Buzz Peterson couldn't handle a hit of $4.6 million.
If Fulmer is fired after the 2006 season, the buyout would exceed $4.3 million.
Hamilton said the buyout isn't out of line, considering agreements at some other schools.
Fulmer and his agent, Jimmy Sexton, asked for a $6 million buyout if Fulmer is fired but the parties agreed on the lesser numbers, according to Hamilton.