ATHENS - Mark Richt has received a raise to make his pay a bit more commensurate with his peers, and the Georgia football team's recent performance.
Richt's annual salary was raised to from $2.8 million to $3.2 million on Tuesday. His contract was also extended one year, and now runs through 2017.
Athletics director Greg McGarity said he and Richt agreed on the new contract when they met on Monday afternoon. The reason for the raise, according to McGarity, was "just the tremenous job he's done leading our program. Twelve wins. The manner in which he has done it. It's just something we felt like we needed to do."
McGarity said the $3.2 million figure was arrived at after comparing it to "other salaries in the world of college football." Richt's new salary now puts him tied for fourth in the SEC. The salary is basically identical to new Arkansas head coach Bret Bielema, and is behind Alabama's Nick Saban ($5.3 million), LSU's Les Miles ($3.75 million) and South Carolina's Steve Spurrier ($3.55 million).
So the three coaches paid more than Richt have all won national championships.
"I think you're always concerned where your coach stands in the heirarchy. And someone that's the dean of the SEC coaches, yeah we're all in a good place," McGarity said. "I think we've been representative where you kind of end the season," McGarity said. "Three years (ago) we're 6-7, and what we were ranked 20th last year, fourth this year, and we felt the trend is going the right way. We felt good about that."
The idea behind the one-year extension was made to keep Richt's contract status at five years remaining, with an eye on recruiting.
"You're recruiting (high school) juniors right now," McGarity said. "So I think the number's important from that fact, so you can just tell them that we know how coaches jump. Sometimes those numbers don't mean much, but I think in the case of Mark it does."
Each coach also has incentives. Richt's potential bonuses amount to $800,000, and he cashed in $350,000 this year.
Meanwhile, a new deal for offensive coordinator Mike Bobo remains in the works but isn't done, according to McGarity.
"I would expect there to be an adjustment there," McGarity said of Bobo, whose current contract pays him $300,000 annually.
A multi-year deal for Bobo has been discussed in "broad terms," according to McGarity.
The assistant football coach's salaries and contract would not need to be approved by the athletic board. But McGarity said he would discuss it with the president - and incoming president Jere Morehead.