(DOTHAN) - According to reports Auburn athletics director Jay Jacobs has signed new basketball coach Bruce Pearl to a six-year deal worth $2.2 million per year in the first year.
After the first year, according to Jacobs, the contract has a $100,000 escalator in each succeeding year -- meaning $2.3 million in his second season, $2.4 million in his third year, and so on.
""When you see the contract I signed, you can tell," Pearl said, "(Jacobs) raised the bar in men's basketball"
"We've made an investment in basketball, and he has to," Jacobs said.
If Auburn fires Pearl before the end of his contract, Pearl's buyout is half of his pay, so $1.1 million per year.
Pearl's salary represents a significant increase from what the Tigers were paying former coach Tony Barbee, who made $1.5 million per year.
And it's raise from the $1.9 million Pearl made at Tennessee.
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