It’s not true. Money has never been a problem with coaching hires.
They gave Kiffin the biggest assistant pool in the country at the time in 2009.
They offered Muschamp 7 years/$21M in 2010 when that was a significant amount of money (top 10-15 money at the time for a never has been head coach). Muschamp declined because he didn’t want a huge rebuild.
They offered Kirby $4M, but Kirby did the same thing as Muschamp. Didn’t want a full rebuild for his first job.
They offered Strong over $4M and a large pool for assistants. Strong wanted a better job, Louisville met his demands and was fine waiting one more year for it.
Money has never been an issue at UT for football coaches (look at the buyouts!). It’s just incompetent leadership.