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Vitello new contract (details)
Posted on 8/23/24 at 10:38 pm
Posted on 8/23/24 at 10:38 pm
Vitello's new deal, announced earlier in the day by the university, will pay him $3 million annually and run through the 2029 season. His annual salary would place him among Major League Baseball's 10 highest-paid managers, according to MLB insiders.
The deal also includes an expanded salary pool for his assistants and support staff, replacing one that Tennessee and Vitello agreed upon that took effect May 31, although that deal was never announced. Vitello was previously set to make $1.8 million annually. He collected a $200,000 bonus for winning Tennessee's first baseball national championship this season.
Per the terms of Vitello's deal, he will owe the university $4 million if he leaves for another job before June 30, 2025. That buyout drops to $3 million in 2026, $2 million in 2027 and all the way down to $400,000 the last year of the contract in 2029.
Also, if White is no longer Tennessee's AD, Vitello's buyout will be cut in half if he leaves for another job. When Vitello was hired in 2018, his original contract paid him a base salary of $493,000 annually.
The deal also includes an expanded salary pool for his assistants and support staff, replacing one that Tennessee and Vitello agreed upon that took effect May 31, although that deal was never announced. Vitello was previously set to make $1.8 million annually. He collected a $200,000 bonus for winning Tennessee's first baseball national championship this season.
Per the terms of Vitello's deal, he will owe the university $4 million if he leaves for another job before June 30, 2025. That buyout drops to $3 million in 2026, $2 million in 2027 and all the way down to $400,000 the last year of the contract in 2029.
Also, if White is no longer Tennessee's AD, Vitello's buyout will be cut in half if he leaves for another job. When Vitello was hired in 2018, his original contract paid him a base salary of $493,000 annually.
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Posted on 8/23/24 at 11:47 pm to BigDickRick16
He deserves it…
Posted on 8/23/24 at 11:54 pm to Daigeaux
quote:
deserves it…
With a buy out like that, he’s not going to Arkansas or any other school anytime soon.
Posted on 8/24/24 at 12:07 am to BigDickRick16
quote:
With a buy out like that, he’s not going to Arkansas or any other school anytime soon.
He'll be on a plane to Baum Walker Stadium within 12 hours of DVH retiring.
Posted on 8/24/24 at 3:17 am to BigDickRick16
You already made this thread simple jack.
Posted on 8/24/24 at 4:19 am to BigDickRick16
You did this thread already serraustitute
Posted on 8/24/24 at 11:56 am to Billy Blanks
quote:
He'll be on a plane to Baum Walker Stadium within 12 hours of DVH retiring.
Wanna bet? So you think Arkansas is gonna pay him over $3 million and pay his buyout that’s gonna be at least $2-$4million? He also had the deepest salary pool in the country for assistant coaches and support staff. No reason for him to leave for a place like Arkansas! Just get over it.
Vitello isn’t leaving Tennessee and if he was going to he would have already jumped. He is building a legacy in Knoxville and a new stadium.
Posted on 8/24/24 at 1:01 pm to BigDickRick16
Vitello will earn $3 million annually after signing a record-setting five-year contract with Tenn on Friday. He is the first college baseball coach known to make $3 million annually. The deal runs through June 30, 2029.27 mins ago.
Posted on 8/24/24 at 1:17 pm to Born2rock
quote:
Vitello will earn $3 million annually after signing a record-setting five-year contract with Tenn on Friday. He is the first college baseball coach known to make $3 million annually.
I am well aware of this! What’s your point? Vitello buyout sits at $4 million right now and will decrease by a million every year to the end of 2029. Arkansas is not gonna pay his buyout and pay him over $3 million a year.
Besides if Vitello was going to leave, he would have left when LSU was looking for a new HC. Vitello is retiring in Knoxville.
This post was edited on 8/24/24 at 1:18 pm
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