The Star-Telegram reported in April that Tennessee offered Hoover a $1 million raise.
"Tennessee offered Hoover roughly $1 million more than he currently makes at TCU but Hoover quickly turned down the Vols to remain in Fort Worth," wrote The Star-Telegram's Steven Johnson. "Hoover already has a seven figure salary in Fort Worth."
Earlier this summer, Hoover was asked about the lucrative offer from Tennessee and his decision to stay at TCU.
"I love Forth Worth, I love TCU," said Hoover when asked why he decided to decline the offer from Tennessee. "This is the place I want to be at. TCU is a top program and that's why I came here. I came here to win a Big 12 Championship. I told my teammates I was going to be the quarterback here this year. And the way I grew up, your word means something. That's all there was to it. I love TCU. I love Fort Worth."
"Nope, not really," added Hoover when asked if it was a hard decision to say no to Tennessee. "I love TCU. This is where I want to be. I love Forth Worth. My family is close. Love the people here. Love playing with my teammates and coaches. I want to go win a Big 12 Championship."