Financial details of a boost to Richt’s salary are in the process of being finalized but they have been agreed upon, athletic director Greg McGarity said. The new deal will keep Richt under contract through the 2016 season.
McGarity did not want to detail how much of a raise Richt will be getting. He currently is paid $2.81 million annually.
“We’ve agreed to all the big stuff,” Richt said. “There’s still some things that gotta be ironed out, but, yeah, I’m excited about the new contract.”
Said McGarity: “We’ve agreed on the major parts. We met a couple of weeks ago and talked about it. Now we’re tweaking some things. It’s in the lawyer’s hands now to work through some language.”
Defensive coordinator Todd Grantham also has agreed to a two-year extension.
Grantham, who makes $750,000 annually, is now under contract through the 2014 season.
McGarity said the there are still tweaks being made to Richt’s and Grantham’s deals.
Under Grantham, Georgia finished fifth in the nation in total defense, the second best ranking in Richt’s 11 seasons. The Bulldogs gave up 101.2 rushing yards per game, the fewest for Georgia since the 1985 team allowed 99.5 yards per game.
Richt’s job security was in jeopardy when the Bulldogs started this past season 0-2 after a 6-7 season in 2010. Georgia won 10 straight games and finished the season 10-4 and its first trip to the SEC title game since 2005.
Richt’s contract last was amended in 2008 after the Bulldogs finished ranked No. 2 in the nation and won the Sugar Bowl in 2007.
“It is sort of a different contract,” McGarity said. “In other words, we’re blowing up the old contract. I shouldn’t say blowing up, but we’re basically starting over with new terminology and things like that that probably make it easier to read and easier to understand.”
Richt is 106-38 in 11 seasons, a .736 winning percentage, which ranks 14th all-time among SEC coaches.
“I’ve never really changed my stance on how I feel about Georgia from the first day I got the opportunity to be here,” Richt said. “My goal and my wife Katharyn’s goal was to build our life in Athens, Ga., and raise our children here and finish my coaching career here. That thought has never changed for me.”
Having five years on his deal should provide some comfort to recruits looking at Georgia.
“That’s good,” Richt said. “Any guy we’re recruiting right now most of them think four is the most they’ll be around and a lot of them think they’ll be going (to the NFL) in three.”