Tennessee Vols basketball coach Rick Barnes suffered another loss against a lesser seed in the NCAA Tournament.
The No. 3 seed Vols lost 76-68 against No. 11 seed Michigan in the second round of the SEC Tournament on Saturday in Indianapolis. That loss pushes Barnes’ NCAA Tournament record to 25-26 as a head coach.
Barnes’ Vols teams have made four NCAA Tournament appearances. Tennessee has lost three times to double-digit seeds in those four appearances, and each Vols’ NCAA Tournament loss has come against a lesser seed in the Barnes era. Since Barnes’ 2007-08 Texas team advanced to the Elite Eight, Barnes’ squads have made the second weekend of the tournament once (2018-19 Tennessee) in 10 tries.
Tennessee basketball coach Rick Barnes earned $1.7 million in bonuses for the 2023-24 season.
The Vols coach earned $100,000 on Tuesday for his team having a perfect academic progress rate score of 1,000, which brought Barnes’ bonuses to $1.7 million.
Barnes, 69, earned $1.6 million in bonuses for Tennessee’s on-court achievements during the season, which included the program’s second Elite Eight appearances and an SEC regular-season title.
Barnes is 202-101 at Tennessee and 806-415 overall in a career as a head coach that started in the 1987-88 season at George Mason.
What bonuses did Rick Barnes earn in 2023-24 season?
Barnes’ biggest bonus was $800,000 for reaching the Elite Eight, which UT did with an 82-75 win against Creighton in March.
Barnes won his second SEC regular-season title at Tennessee, which netted a $400,000 bonus. He added another $400,000 for Tennessee finishing in the top-five of the final Associated Press Poll.
The bonus structure in Barnes’ contract was set on the extension and raise awarded in April 2019. The language dictates that all on-court bonuses must be paid on or before May 31. The APR bonus is to be paid on or before June 30.
What is Rick Barnes’ contract, salary?
Barnes received a one-year contract extension in September, which set his salary at $5.7 million last season.
His contract runs through the 2027-28 season. The extension was worth $29.4 million over five years, which equals an average annual salary of $5.88 million. He is slated to earn $6 million in each of the final two years of the contract, which runs through April 15, 2028.
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Rick Barnes’ previous contract, contract extensions
Barnes received a one-year contract extension in March 2022 that included a $100,000 raise on the final year on the contract, which was slated to pay him $6 million. The five years on that contract were worth an average annual salary of $5.77 million.
Barnes received a two-year extension in July 2021, which ran through the 2025-26 season. That extension included an annual raise of $100,000 in each of the final two years of the contract. His April 2019 contract increased his pay by $250,000 annually.
The Hickory, North Carolina, native agreed to an amended contract in April 2019 that paid him an average annual salary of $5.2 million following interest from UCLA.
Barnes’ 2018 contract extension was worth $21 million over six years, an average salary of $3.5 million per year.
Barnes signed a six-year contract worth $13.5 million to become Tennessee’s coach in April 2015. His original deal paid him $2.25 million annually