Performance bonuses will be doubled in (still unfinished) Richt contract
GREENSBORO, Ga. — We’ll have a full story later, but here are the quick highlights from this morning’s UGA Athletic Association board of directors meeting at the Ritz-Carlton Lodge at Reynolds Plantation:
- UGA President Michael Adams and athletic director Greg McGarity said the contract extensions still are not completed with head football coach Mark Richt and defensive coordinator Todd Grantham. McGarity did say for the first time that Richt’s new contract will keep his salary “basically the same” — about $2.8 million per year — as his current deal but that the incentive bonuses, for things such as winning SEC and national championships, will be doubled as a way of “rewarding excellence.” As previously disclosed, three years will be added to Richt’s contract, extending it through 2016, and two years to Grantham’s, extending it through 2014. McGarity said again that there are no major unresolved issues with the contracts. Adams attributed the delays to routine legal work.
- McGarity said during a break in the meeting that baseball coach David Perno definitely will be back next season as the Bulldogs’ coach.
- The board approved an Athletic Association budget of $92.1 million for fiscal year 2013, up from $90 million this year.
- The board approved spending $2.73 million on several facilities projects. These include improvements to the landscape beyond the outfield fences at Foley Field; upgrading the scoreboards at the baseball, softball and soccer stadiums to gain more video capability; and reworking Gate 10 at Sanford Stadium. The $2.73 million also includes funds to begin design work on a possible eventual renovation of the main entrance, concourse and press box at Foley Field; that project, if eventually undertaken, probably would cost around $10 million.
- It was reported to the board that the Athletic Association had another strong year financially and will add about $2 million to its reserve funds, which now are above $70 million.
- More to come later this afternoon.