KNOXVILLE, Tenn. (AP) _ Buzz Peterson has resigned as Tulsa's head basketball coach Tuesday to take the job in Tennessee.

Peterson, who led Tulsa to the NIT championship last week, will succeed Jerry Green as coach of the Vols, Tulsa spokesman Don Tomkalski said.

The Tennessean and the Tulsa World reported Tuesday that the package Tennessee put together for Peterson was about $750,000 annually.

Peterson, who was hired at Tulsa a year ago from Appalachian State, surfaced as a candidate almost immediately after Green resigned March 20.

Peterson reportedly makes about $400,000 annually at Tulsa, but terms of his five-year contract and a buyout clause are not public since Tulsa is a private university.

Tulsa was trying to keep Peterson for a second year while South Carolina reportedly made overtures to lure the coach to replace Eddie Fogler.

Peterson, 37, is exactly what the Volunteers are looking for: a young, up-and-coming coach.

He is from Asheville, N.C., just two hours across the Great Smoky Mountains, and has family in the area. Additionally, Peterson's father went to Tennessee.

Peterson, a member of North Carolina's 1982 national championship team, was an assistant at East Tennessee State, North Carolina State and Vanderbilt before taking his first head coaching job at Appalachian State in 1996.