Bruce Pearl guided Auburn’s men’s basketball team to the all-time regular season title this year, going 15-3 in conference action.
During the season, Pearl landed a “lifetime” contract to stay on the Plains, worth $50.2 million over the 8-year term of the contract extension.
Now we know all the terms of the deal. According to AL.com’s Tom Green, the contract goes into effect on May 1 and will increase significantly each year after:
Pearl’s new contract will take effect May 1 and run through April 30, 2030, according to the document. He will pay the coach an annual base salary of $250,000, with the rest of his compensation coming from endorsement fees and personal appearance payments. Pearl will earn $2,575,000 per year in endorsement fees with a $125,000 escalator each year of the contract. Those same numbers apply to his annual personal appearance payments.
It peaks with Pearl earning $7.15 million in the final year of the deal, with an average annual salary of $6.275 million over the term of the contract.
Pearl will also receive a $100,000 bonus for winning the SEC Regular Season title and $50,000 for winning the SEC Tournament.
For now, though, we’ll see how far Pearl can lead this year’s Tigers in the NCAA Tournament. Could another Final Four race be in the works?