Tennessee managed to hang on to talented coach Rick Barnes on Monday night after he was heavily linked to the open UCLA job.

What did the Vols have to do to keep Barnes in town? According to ESPN’s Chris Low, Barnes landed a sweet new deal of his own.

Per Low’s report, Barnes will have an annual salary over $4 million that will increase each year. He’ll also be able to pay his assistants more money:

Sources told ESPN that Barnes agreed to a new deal at Tennessee that will pay him in excess of $4 million next season and approach $6 million per year by the end of the contract. Barnes also received a larger salary pool for his assistants and staff as well as multiyear contracts for some of his assistants.

Barnes has built a good thing in Knoxville, so it’s no surprise he wants to stick around. UCLA, meanwhile, had to move on to Cincinnati’s Mick Cronin.

Will Barnes live up to his giant new deal? Only time will tell.

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Tennessee sports betting officially launched on November 1, 2020. Tennessee was the first SEC state to legalize sports betting.