Georgia obviously doesn’t want to be looking for a new defensive coordinator again anytime soon.
UGA’s three-year, $750,000-per-year deal with newly hired Todd Grantham would make it expensive for him to leave for anything other than a head-coaching job.
According to a memorandum of understanding signed by Grantham and UGA officials — a copy of which was obtained Tuesday by the AJC under the state’s Open Records Act — Grantham would owe Georgia more than $1 million if he were to resign within the next year for any reason other than to become an NFL or NCAA Division I head coach.
While he would be allowed to leave without penalty for such a head-coaching job, he would owe Georgia 75 percent of the amount remaining on his contract if he were to leave before Feb. 1, 2011, for any other reason, such as to take another coordinator job.
For example, if he were to resign in January 2011, he’d owe Georgia 75 percent of the approximately $1.5 million that would remain on his contract at that point – or approximately $1.125 million.
His buyout would decrease sharply later in the term of the contract.
If Grantham were to resign between Feb. 1, 2011, and Feb. 1, 2012, he’d owe UGA 20 percent of the amount remaining on the contract. If he were to quit after Feb. 1, 2012, he would owe UGA 15 percent of the remaining amount.
Other details in the memorandum:
– If Grantham is fired without cause by UGA, he would be paid all remaining base salary ($300,000 per year) and supplemental income ($450,000 per year) through Jan. 31, 2013.
– Like Georgia’s other assistant football coaches, Grantham will be eligible for a series of bonuses tied to his base salary and the team’s on-field performance. He’ll get 25 percent of his base salary if the Bulldogs win the BCS national-title game, 20 percent if they lose the BCS title game, 17 percent if they play in a BCS bowl other than the title game, 14 percent if they play in the Capital One Bowl, 10 percent if they play in the Outback, Chick-fil-A or Cotton Bowl, or 8 percent if they play in any other bowl. In addition, he’ll receive a bonus of 13 percent of his base salary if the Dogs win the SEC Championship Game, 6 percent if they lose the SEC title game, or 3.5 percent if they are SEC East co-champs but don’t play in the title game. The percentages in all of those bonuses are the same as in the contracts of Georgia’s other assistant coaches.
– He’ll be provided a car or a car allowance of $600 per month.
– He’ll receive up to $1,600 worth of clothes and shoes from Nike each year.
– He’ll be required to make eight promotional appearances or endorsements per year with payments to be retained by the Athletic Association. In addition, he’ll be required to make six unpaid appearances at Bulldog Club meetings or fund-raising events each year.
Georgia announced the hiring of Grantham on Friday as its new defensive coordinator. He has been an assistant coach in the NFL for the past 11 seasons, including the past two as the Dallas Cowboys’ defensive-line coach and the previous three as the Cleveland Browns’ defensive coordinator.
Grantham signed the memorandum of understanding on Thursday night. UGA President Michael Adams and athletics director Damon Evans signed it on Saturday.
In response to an open-records request for newly hired defensive-backs coach Scott Lakatos‘ contract, Georgia said no written documentation yet exists. (Lakatos will receive $180,000 under a one-year contract, UGA said Monday.) UGA also said there are no written documents pertaining to the offer of the DC job to Kirby Smart, who declined the position three days before Grantham accepted it.
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