Hamilton, who replaced Doug Dickey in 2003, will get a modest raise in his base pay but a more significant raise from revenues generated through radio and television and apparel and other sources of income.
Hamilton will also get a retention bonus if he stays at UT through June 30, 2011.
Hamilton has the ability – although highly unlikely -- to make another $125,000 through athletic and academic performance bonuses. The cap on the athletic and academic bonuses is $62,500 each. He has reached the athletic bonuses twice but has not come close to maximizing the academic bonuses. The most he has made in bonuses in a given year is less than $80,000.
Hamilton's current base pay of $236,900 puts him among the lower half of athletic directors in the SEC, in part because he's relatively new on the job and in part because UT has a separate men's and women's athletic department.
Joan Cronan, women's athletic director, has a base pay of about $190,000 and has a similar bonus structure as Hamilton.
Hamilton's high water mark as UT athletic director was hiring Bruce Pearl, who led the Vols to an SEC East Division championship and a program-best No. 2 seed in the NCAA Tournament.
Hamilton's first contract at UT was for four years. After one year, he got a one-year extension from then-UT president Dr. Joe Johnson through 2008.