KNOXVILLE -- The revised contract for Butch Jones includes a steeper buyout for the football coach if he leaves Tennessee.
According to the contract addendum released by Tennessee on Wednesday afternoon, Jones would owe Tennessee $4 million if he terminates his deal before Feb. 29, 2016.
Under his original deal, signed in December 2012, Jones's buyout through that date was just $3 million.
Based on the terms of the new deal, Jones would owe Tennessee $3 million for leaving between March 1, 2016, and Feb. 28, 2017, and the buyout is $2 million in the final three years of the contract, which was extended two more years to run through the 2020 season.
The contract addendum includes a different set of incentives for Jones as well.
He would receive $500,000 for a national championship, $400,000 for appearing in the championship game, $350,000 for appearing in the College Football Playoff's semifinals, $300,000 for an appearance in the CFP selection committee's "New Year's Six" bowl games, $200,000 for a Citrus or Outback Bowl appearance and $100,000 for any bowl game.
Tennessee announced it had agreed to a new deal with Jones, who saw his salary bumped from $2.95 million to $3.6 million, on Monday after the Volunteers accepted a bid to play Iowa in the Taxslayer Bowl in Jacksonville on Jan. 2.
Contact Patrick Brown at pbrown@timesfreepress.com.