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Georgia coach Mark Richt signed his eight-year, $16 million contract Monday, six months after the agreement was reached.
"It was just a matter of having lawyers sort through it," Richt said Monday before speaking to the Greater Atlanta Bulldog Club.
"I'm excited about it and I hope Georgia is excited about it," Richt said. "It shows I'm serious about being here a long time and it shows Georgia is serious about me and my staff being here for a long time."
The contract boosts Richt's annual salary from $1.5 million to $2 million, though Georgia athletic director Damon Evans said Monday $300,000 each year is a longevity bonus Richt will receive in a lump sum of $2.4 million at the end of the deal.
Evans said Richt can earn up to $400,000 in bonuses, including incentives for high graduation rates and for championship seasons.
The contract extends through the 2013 season and places Richt among the highest paid coaches in the Southeastern Conference.
"It's no different than what I said my first day at Georgia, my goal is to be at Georgia as long as they will have me," Richt said.
http://sportsillustrated.cnn.com/2006/football/ncaa/07/31/georgia.richt.ap/index.html
"It was just a matter of having lawyers sort through it," Richt said Monday before speaking to the Greater Atlanta Bulldog Club.
"I'm excited about it and I hope Georgia is excited about it," Richt said. "It shows I'm serious about being here a long time and it shows Georgia is serious about me and my staff being here for a long time."
The contract boosts Richt's annual salary from $1.5 million to $2 million, though Georgia athletic director Damon Evans said Monday $300,000 each year is a longevity bonus Richt will receive in a lump sum of $2.4 million at the end of the deal.
Evans said Richt can earn up to $400,000 in bonuses, including incentives for high graduation rates and for championship seasons.
The contract extends through the 2013 season and places Richt among the highest paid coaches in the Southeastern Conference.
"It's no different than what I said my first day at Georgia, my goal is to be at Georgia as long as they will have me," Richt said.
http://sportsillustrated.cnn.com/2006/football/ncaa/07/31/georgia.richt.ap/index.html
