Deal sets Dooley buyout at $4 million through ’12

Deal sets Dooley buyout at $4 million through ’12

Dooley would have to pay $4 million if he resigns before Feb. 15, 2012, a number that drops to $3 million through the next year, and down to $1 million in February 2014. The buyout then drops by $250,000 each of the following two years, according to a memorandum of understanding signed by Dooley on March 3 and released Wednesday by the school.
Tennessee’s buyout to get rid of Dooley is even steeper. He would be owed $5 million through Feb. 15, 2013, a number that drops to $4 million into 2014 and 2015. The buyout falls to $2.5 million after Feb. 15, 2015.

SI.com
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