Hello:

Thank you for contacting HostGator.com. At this time we do not provide a yearly discount on the business plan. The pricing is as follows for that plan.

Swamp Plan
$14.95 (monthly)
179.40 ($14.95 x 12 = $179.40 yearly)
$334.80 (24 months @ $13.95 per month)
$466.20 (36 months @ $12.95 per month)
Those are the same as the prices on their website for new sign-up, but new sign-ups can usually get a coupon for 20% off. I find is odd that they don't offer early renewal incentives for 1-year terms?
(Just for existing customers.)

I really like HostGator support and what is in the package.
I see my old Hosting plan GoDaddy is very similar in price (Not worth the switch)
Looks like my year is coming due mid-June.
I may just go month-month, or maybe look around.