Kiffin signed a memorandum of understanding with the University of Tennessee on November 30, 2008. The deal included $2 million in 2009, with additional performance bonuses, including a $300,000 bonus if Tennessee was to compete for the national championship. His salary was set to increase over the six-year-deal, reaching a high of $2.75 million in 2014. The average salary of the deal was $2.375 million. If Kiffin had been fired in 2009 or 2010, the school would have to pay him $7.5 million under a buyout clause; after the 2012 season, the buyout clause decreased to $5 million. Kiffin's contract stated that if he resigned, he would have to pay UT $1 million in 2009, with the sum decreasing by $200,000 each year of his contract.