At a meeting of UGA’s athletic board Thursday, details of the proposed new contract for Richt were presented to the group, with athletic director Greg McGarity confirming the long-time football coach will continue to make in the neighborhood of $2.9 million a year. The new deal will include, however, incentives that are nearly double what he had previously been eligible to earn. In essence, Richt will likely be eligible for upwards of $800,000 in bonuses in the future. From the Macon Telegraph:
Under Richt’s current deal, the most he can receive for performance bonuses is $350,000. He receives $25,000 for winning the SEC East and $50,000 more for winning the conference title. He also receives $25,000 for making a bowl, and $50,000 more if it is a BCS bowl. He receives $50,000 for finishing in the final top five of the AP or coaches’ poll. And he receives $150,000 for winning the BCS title.
Richt also receives $50,000 for finishing in the top one-third of the SEC in both the APR and Graduation Success Rate.
For a coach who was considered to be sitting squarely on the proverbial hot seat just a year ago, however, the new contract is more about job “security” and less about the guaranteed compensation. Richt’s old deal was scheduled to run through the 2013 season; the new one will run through the 2016 season.
by J. Taylor
No comments:
Post a Comment