Mark Richt, Todd Grantham, Greg McGarity receive contract extensions
Connect with us

UGA Football

Mark Richt, Todd Grantham, Greg McGarity receive contract extensions

SicEmDawgs.com

UGA head coach Mark Richt finally has a new contract. Richt received a new five-year contract that will keep him at Georgia through the 2016 season.

UGA also announced that athletic director Greg McGarity has received a two-year contract extension through December of 2017. McGarity will receive a salary increase from $460,000 to $500,000 effective July 1, 2012 and $550,000 effective July 1, 2013.

Richt’s new contract came with a bit of a surprise. If Richt decides to leave Georgia or retire, he will owe the University no money as opposed to $2 million per year under the old contract.

The salary for Richt remains the same, $2,811,340 per year, but his performance bonuses have doubled. Richt will make $200,000 for winning the SEC Championship and $800,000 for a BCS National Championship.

“We’re very pleased the final details of Coach Richt’s contract have been completed and the document has been officially executed,” said McGarity. “I think it’s a win-win for all involved and we’re ready to move forward toward the coming season.”

“Mark Richt is not only the dean of SEC coaches, he is a person who has represented the University of Georgia extraordinarily well since he arrived in December of 2000,” said UGA President Michael Adams. “He has compiled a very strong record of wins and losses over that period. I am glad we were able to work out this contract extension which I believe is good for the University, good for football and good for Mark.”

Defensive coordinator Todd Grantham has also received a new three-year contract extension. Grantham will now make $825,000 per year which is a raise of $75,000 per season.

According to a draft of the contract, Grantham’s bonus structure was also changed. He will now make an extra $75,000 if the Bulldogs win the SEC Championship and $150,000 if the Dawgs win the national championship.

Grantham’s new contract also comes with some departure stipulations. He can leave UGA without penalty to a coordinator position in the NFL or a head coaching position in college. If he makes a lateral move at the college level, Grantham will have to pay UGA $60,000 in year one, $40,000 in year two or $20,000 in year three.

Related Links

Advertisement
Advertisement

2024 UGA Football Tickets

Advertisement

More in UGA Football