Mark Richt finally gets contract extension, and so does Greg McGarity

ATHENS – On the day that Georgia football coach Mark Richt’s protracted contract extension was finally finalized, the Bulldogs took steps to make sure that Greg McGarity remained their athletic director beyond that.

As expected, Richt received a new five-year contract that will extend his agreement with Georgia through the 2016 football season. The new deal — in the works since the second week of this past December — was announced during a special meeting of the Georgia Athletic Association’s executive board, which convened via teleconference call Thursday evening.

What wasn’t expected was UGA President Michael Adams’ announcement that the board had also approved his motion for a two-year contract extension for McGarity through December of 2017. McGarity, Georgia’s AD since August of 2010, also received a salary increase from $460,000 to $500,000 in 2012 and $550,000 in 2013 and beyond.

“I’ve watched him make some tough personnel decisions this spring and have been impressed with how he has handled that as well as the negotiations with the football coach,” said Adams, who will retire as president in June of 2013. “I just felt like it was important for the benefit of the athletic association and the university that we get him locked in at a time that was slightly longer than the head football coach. That would well position the university for any changes that might take place in the future.”

The financial terms of Richt’s new deal stayed basically the same at $2,811,340 per year. However, the Bulldogs doubled Richt’s performance bonuses, meaning an SEC championship would be worth $200,00o to him and a national championship could mean $800,000 extra.

“That’s among the top in college football, if not the top,” McGarity said of the incentives.

The most notable change was the penalty for Richt leaving of his own volition was reduced from $2 million per year under the old agreement to zero under the new deal.

“I think it’s just Greg’s philosophy on the contract,” said Richt, who has been Georgia’s coach since 2001. “It’s not something that I was asking for; it’s something that he had suggested and I said that’d be fine. The bottom line for me is — and I think I’ve been here long enough for everyone to understand this — Georgia is my home, Georgia is where I want to be, Georgia is the only job I’ve ever wanted and that hasn’t changed.”

Conversely, the amount Georgia would owe Richt should they fire him was reduced from $2.4 million per year to $800,000 per year for the three new years on the contract. In other words, UGA would have to pay him $4.8 million if he was fired following the 2012 season ($2.4 for 2013 and $800,000 for each year thereafter). But it would be $800,000 a season beyond 2013.

“My philosophy is life is too short and I don’t think somebody should be anchored down somewhere because of financial concerns,” McGarity said of buyouts. “People are going to twist it and say whatever they want about it. But I’m just telling you the truth about it: Between Mark Richt and myself, there’s no monkey business here. This is an agreement that was reached between us. Mark’s excited about this; I’m excited about it and we’re going to move on from here.”

As for his own extension, McGarity didn’t have much to say.

“I don’t like talking about that,” he said after the board meeting. “It’s awkward for me. I’ve always said it’s an honor and privilege for me to be here as athletic director. I get to come into an environment with a great staff and a great work force that loves what they do.  It’s reassuring to know that the president and the board feel confident in the direction we’re moving as a staff.”

Richt is the dean of SEC coaches in terms of being at the same institution for the longest time. He  is 106-38 (.736) in 11 seasons at Georgia. He has earned more than $21 million over that period.

“I think it’s an A-plus,” Bob Bishop, UGA’s longest-tenured member of the executive board, said of Richt’s new deal. “I think it’s great. He’s done an excellent job and deserves it.”

Richt said he has tentative plans to celebrate the new deal.

“As soon as Coach [Mark] Fox figures out a date and time, he and I are going to the Waffle House,” Richt quipped. “That was like a month ago but I don’t think he’s forgotten about it and I haven’t either.”

“I feel like a very blessed man,” he added.

NOTE: McGarity said the three-year contract extension for defensive coordinator Todd Grantham has been finalized and will be announced on Friday.

100 comments Add your comment

Hey Techster

June 7th, 2012
4:29 pm

SCDawg

June 7th, 2012
4:31 pm

Better late than never. Now we can get back to serious issues at hand…there are still a lot of things to get done before August.

GATA!!!!!

THE Dixie Redcoat Band

June 7th, 2012
4:32 pm

I think he has to win a minor bowl game before 2020!

DouglasDawg

June 7th, 2012
4:48 pm

Lets play ball!

Beast from the East

June 7th, 2012
5:17 pm

It is truly amazing how long it takes to get these contracts finalized. Even when all parties agree on the basic principles and structure, it still can take months to go through all the details, buyouts, morals clauses, etc. Even though it was way before my time, whatever happened to a firm handshake while you looked someone in the eye and came to an agreement? I guess I already know the answer to that…lawyers.

WHEN ??

June 7th, 2012
5:30 pm

WHEN does Georgia Tech get to leave double, secret triple, NCAA probation for systemic lying and cheating?

Black-N-Red

June 7th, 2012
5:44 pm

rankly, I’m pretty fed up with all of the Richt apologists with their lame whining that all schools have the same problems with their athletes. That’s utter garbage. UGA has so many athletes arrested and suspended or dismissed outright because Mark Richt recruits low class dummies with no moral code, no sense of teamwork, and a “me first” attitude that’s like a cancer to the team.

And really, all Richt cares about are the big bucks. Nothing else matters to him.

You are a model MORON, please crawl back under your rock.

Really?

June 7th, 2012
5:44 pm

I wonder why saban only drug tests players when he needs to free up scholarship room? Too bad that tuscaloosa cop that settled out of court with bama had a no talk clause in his settlement. He made claims that he had been threatened after being orderered to release nearly a dozen players over a 2 year period that he had deatined for reasons ranging from dui to attempted rape. I guess we’ll have to wait until someone wants more payoff money than bama boosters are willing to pay. Considering anyone associated with that cesspool in allybammer has nothing at all to be prous of other than bama football, we may never get to hear the truth.

we cover up rape better than anyone roll tide.

Ex-Contributor

June 7th, 2012
5:50 pm

How many national championship rings does Saban have? How many does Richt have?

drbasic

June 7th, 2012
6:07 pm

@ Ex-Con

Really????
So then,to lie and coverup for A ring is more important than being of moral Character? You sir are off balance!
Dawgnation does not need your support, stay an ex-contributor

Forever Dawg

June 7th, 2012
6:16 pm

Idiots…if they’re not complaining about the schedule, they’re complaing about the players or coaches, how about shutting up and supporting the program. UGA is no different than any other school, everyone play’s two or three small schools (look at the schedules) and has players getting arrested for DUI, smoking pot, etc… Georgia’s problems are prominent here because we’re in Georgia, LSU’s problems don’t make the paper here but are headline news in New Orelans. So quit complaining about everything, if you don’t hav anything positive to say just SHUT UP!

WDE

June 7th, 2012
7:40 pm

Forever Dawg..well said !!

WDE

June 7th, 2012
8:00 pm

The name is Maggie,=troll and a bad troll at that….

RedHat

June 7th, 2012
8:10 pm

Hmmm.

McGarity got a raise? For what? The football team has gone 0-9 vs. ranked teams during McGarity’s tenure.

Adams got bamboozled.

Richt gets to leave for $0 buyout? Wow, McGarity got out-negotiated on this one, looks a bit like an amateur. This is embarrassing.

RJ

June 7th, 2012
8:13 pm

It is documented that CMR contributes/donates a lot of his money to other worthy causes. The guy try’s to help other people and do the right things and he gets Maggie pie in the face. Says a lot about today’s morals of what is important in the grander scheme of things. I believe in UGA and proud we have a leader who conducts himself with character and dignity. I can’t same the same for some of the bloggers.

The Tide is trolling and nothing can stop it

June 7th, 2012
8:17 pm

LOOK AT ME! LOOK AT ME!

West Coast Dawg

June 7th, 2012
9:24 pm

It seems to me that the idea at Ag Hill is to make all of those folks happy. I too wonder why McGarity got a raise. For what? We have a football program that beats all the Little Sisters of the Poor and loses to the ranked teams, everyone except Auburn. So last year’s record against the ranked is 1 win and 4 losses. Not particularly impressive, say what? I’d take Nick Saban in a heartbeat even though he is no hail fellow well met. He doesn’t need to be. He just wins.

And no kudos to Athens’ Buddy Bishop. He got us Ray Goff leading a friend of mine to say if we were trying to achieve mediocrity, we succeeded beyond our wildest dreams.

Jason

June 7th, 2012
9:29 pm

Doesn’t look like Greg McGarity gives one care if Mark Richt decides to leave on his own accord! Also makes it alot cheaper to fire him. If I’m Richt, I think this new contract extension is just for recruits, not really because I’m wanted, wow!

Big time?? Not

June 7th, 2012
9:40 pm

Adams is a dick

dogdawg

June 7th, 2012
9:45 pm

we are undefeated against Flerdy with mCGarity as AD.

bardawg

June 7th, 2012
9:54 pm

To excontributor, if your permanant residence isn’t under a rock, it certainly should be. UGA is much better off without your caliber of supporter.

6-18 Against End of Season Ranked Team Since '05

June 7th, 2012
10:01 pm

Great……by the end of the 2017 season, my moniker for this blog will be “12-36 Against End of Season Ranked Teams Since ‘05″

…..sigh!!!

6-18 Against End of Season Ranked Team Since '05

June 7th, 2012
10:03 pm

having said that, I agree with you Jason, McGarrity could fire Richt after ‘13 season at will with minimal financial impact…..yea!!!!

Dawg1

June 7th, 2012
10:13 pm

Must be ‘hater’ Thursday…

Good to see this is behind them…

Go Dawgs!

flo-ri-duh

June 7th, 2012
10:38 pm

One thing not mentioned. Has the defensive coordinator signed his extension?

give me south georgia

June 7th, 2012
10:59 pm

I’m fine with Richt being the UGA football coach indefinitely. I think the man has principles and for me this is enough. Well I hope he has principles.

Never for money/always for love/cover up and say good night.

Reality

June 7th, 2012
11:18 pm

For the guy knocking the Richt apologists ———- face it….the issues are at all schools (colleges, high, middle and elementary) and all around this country— these behaviors are the results of poor family structure and modeling

Reality

June 7th, 2012
11:20 pm

Ex-contributor – from your name it sounds as though you don’t support UGA anymore and have made a decision to go in another direction – but your concerns and comments here make it seem like your still hanging on —- get off the tracks – no one is begging you to come back.

bubba4dawgs

June 7th, 2012
11:43 pm

What has Ex-contributor contributed so far??? It sounds like zero to me!
Forever Dawg, well said!! GO DAWGS!!!

RedDawg

June 7th, 2012
11:58 pm

I’m happy for Richt he runs the program the right way. I believe he will be like his mentor Bowden it will take forever but he get his one day. I back Richt and always will he’s a Dawg and always will be. I can’t think of a HC i would replace him for. GO DAWGS!!!

ARdawg

June 8th, 2012
12:23 am

Congrats to Richt and McGarity. You’ve earned it and enjoy. It’s got to sv<k to be McGarity and have your success tied to just the football team but, hey, it is what it is

Troup Co. Dawg

June 8th, 2012
1:44 am

We go the tools to Satisfy!!! Keepin’ the dream alive!!! Win it all! Go get the Gatorade bath!

trueUGAfan

June 8th, 2012
3:18 am

Reading these blog posts, it d

7576DAWG

June 8th, 2012
5:07 am

Jim Donnan got fired because he couldn’t beat Tech, something Richt has had no trouble doing. For me I don’t care if we ever play Tech again . As long as Richt wins 10 games and can beat Tech he will keep his job. In the past that was the important benchmark or guide as to whether the Georgia was successful or not. It will be interesting to see if McGarity changes the rules now that Adams will be leaving.

sprouse27

June 8th, 2012
6:29 am

CMR is certainly a man of character, and so is the Pope. Both would win about the same number of games coaching Georgia.

thenumber34

June 8th, 2012
7:02 am

UGA will win a NC under Richt and when we do, it will feel sweeter than most as Richt will have done it the right way and a way in which all of we Georgia fans can be proud. The journey, my Bulldog brethren, can be as much fun if not more fun than the destination.

keeping it real

June 8th, 2012
7:23 am

Hope I’m wrong, but I think the $800,000 bonus for the national championship is pretty safe.

tell me again

June 8th, 2012
7:25 am

Some of you forget how long UGA had gone without an SEC Championship PRIOR to CMR….before CMR came, UGA really WAS a mid level SEC program….we have had some average years recently…..but all in all we are always in the hunt. We are close and we have done it the right way with the right man. And for Alabama – if a police officer EVER arrested a football player in that state he might as well resign, sell his house and move his family to another state because you just don’t do that in ALYBAMMER. If the Bama football players had to contend with the scrutiny and drug tests the UGA players do, ‘Bama couldn’t field a rugby team because they would all be in jail. If you’ve ever been to Alabama for any length of time and seen the wonderful people there, you know it’s true. Some of the posters here are just total idiots and children ~ the real Dawg fans are proud of the football program and the integrity it operates under – and we are proud of all of our teams. Our athletic department, overall, is one of the most profitable and envied in the country. And for all of you Tech A** Hol*s – we have more departments nationally ranked academically in both the public and private classifications than you have muggings on North Avenue. And now that UGA has started its engineereing school, in a few years, you Tech idiots will also be second in the state in that department. UGA – Once a Dawg, ALWAYS a Dawg…HOW SWEET IT IS!

[...] Georgia head coach Mark Richt finally got his contract extension, writes Chip Towers of the Atlanta Journal-Constitution. [...]

SickandTired

June 8th, 2012
7:52 am

Great. Adams andMcGarity have finally succeeded in institutionalizing mediocrity. Hail be to Mark Richt. A good man no doubt but not up to the task of arranging shipment of a crystal football back to Athens from a national championship game. That task is reserved for only the best coaches in the SEC.

Moobs Johnson

June 8th, 2012
7:59 am

So axing the Gymnastics and Women’s Golf coach gets you an extension as AD in Athens? What about all of the other under performing sports? Beating nobody of note and losing to anybody in the Top 25 gets you an extension as football coach? Mediocrity is alive and well in Athens.

AltamahaDawg

June 8th, 2012
8:16 am

10 game season used as a benchmark for having a solid program is NOT Mcgarities doing,. That has long been the standard in the world of college football. Still is, despite some of our fans tryign to act like they are personally so much excellent than to “settle” for what the rest of the world knows to be true. Is that championship? no. Is it “great” ? no. Will that win trophies? no. But taking the emotions and personal opinion away, a college coach keeping his job because he acheives 10 wins on a normal basis is exactly what should happen.

The reason that is important, the 10 win standard, is that is the jumping off point FOR trophies. You have to have 10 win team(s) to ever have 12-14 win team, and I don’t mean that as simplistic as it sounds.

Not one single Georgia fan or administrator has ever said or believed that we ONLY want to win 10 and no more, but obviously you would keep a coach that can do it over time, if you ever want to go any further. At Georgia, anyway. Some folks want to pretend that we are somebody else and are going to go out and see who the higheest paid HC we can lure from (whereever) or turn em am burn em till we find our superhero. Thats not going to happen.

AltamahaDawg

June 8th, 2012
8:23 am

McGarity got a raise because he was still being paid what a rookie first year AD get. Now that he has extablished that he is up for the job, it’s appropritate to pay him according to what SEC AD are paid. Grow up folks, and welcome to the real world.

You can sit and make theoretical point about trophies from your couch, which is fine, but the actual folks dealing with the actual business of the AA have a bit more to deal with.

Vince

June 8th, 2012
8:31 am

Jello Yackets—-Get your facts straight!! Neither Mr. Forkner nor Mr. Rogers has ANY affiliation with the North Ave. trade school. That is an old wives tale. You have to be smoking bath salts to make a statement as stupid as your last sentence. We are all laughing—-ALL DAY!!!!!

Vince

June 8th, 2012
8:34 am

Also, it is Alumna–not Alumnus.

The Tide is rolling and nothing can stop it

June 8th, 2012
8:55 am

Celebrate good times, come on!

Here’s to the school that should be a powerhouse, continuing to be a non-factor.

flo-ri-duh

June 8th, 2012
8:57 am

And when are they going to get Grantham signed? Grantham vs Van Gorder………… two hot heads – going to be interesting.

Whopper Dawg

June 8th, 2012
8:58 am

That 2011 football schedule was a wondrous thing.

Gulf Shores Dawg

June 8th, 2012
8:59 am

Whiners and haters (aka tech fans, with some redneck AU, Gator & Tide fans mixed in)….CMR is a rock at UGA and McGarity is too…It is well known UGA is as tough as it gets on it’s athletes and Bama hides their’s under the rug…we know that…went to all of Foley, AL high school games that Julio jones played in and his family was as poor as dirt…but somehow he has dozens of expensive tailored suits at Bama???hmmm…Tuscowloosa PD just takes the drunks to Saban…it’s a fact.

Vince

June 8th, 2012
9:01 am

Crap–I meant Alumni, in referencing the “two” men. I realize Alumna is feminine. Thanks