The new agreement increases Pat Summitt's annual total compensation package to $1.125 million for the 2006-07 season and runs through the 2011-12 basketball season. Summitt's base salary rises from $300,000 to $325,000. In addition, Summitt receives monies for radio and television commitments of $350,000, an endorsement fee of $300,000, and a public relations fee of $150,000. Over the life of the six year contract, Summitt's compensation will average $1.3 million.*
Summitt, who just completed her 32nd season at the helm of the Lady Vols, has kept her elite program in the winner's circle for over three decades. During her tenure, the Lady Vols have won six NCAA titles, 25 Southeastern Conference tournament and regular season championships. They have made 25 consecutive appearances in the Sweet 16 and produced 12 Olympians, 19 Kodak All-Americans named to 31 teams and 65 All-SEC performers. Summitt is currently the winningest coach in Division 1 basketball with 913 wins.
Along with the success on the court, Summitt's student-athletes have had tremendous success in the classroom. Coach Summitt has a 100 percent graduation rate for all student-athletes who have completed four years of eligibility.
"This is a landmark statement for women's athletics," said Cronan. "The university has made a statement that success in both athletics and academics is important. Pat has had 32 successful years at Tennessee, and we're looking forward to her being here for at least six more years."
All funding for the athletics department, including coaches' salaries, is from monies generated by athletics' resources and not from appropriated funding by the state of Tennessee or other university-related revenues.
* Dollar amounts change from year to year.