Sports
Details of UGA football coach Kirby Smart's acquisition, bonuses in new deal
Georgia football coach Kirby Smart's $130 million, 10-year contract that runs through the end of the 2033 season is fully guaranteed if he were fired without cause through the end of 2028. After that, it is 85% percent guaranteed, according to a new amendment to the contract that the Athens Banner-Herald obtained through an open records request on Friday.
The new deal, which included a two-year contract extension and was announced by the school on May 2, is similar in terms of buyout structure to the previous terms.
Smart is paid $13 million a year, making him the highest-paid public school coach in college athletics. Smart was paid $10.5 million last year, and that would have increased to $10.75 million this year.
Smart's bonus structure increases from a maximum of $1.525 million to $1.775 million per year.
Smart makes more money every step of the new 12-team playoff when his team is on the field.
Here's how that breaks down depending on when the season ends:
-Playing in a first round game is worth $250,000
-Reaching the quarterfinals is worth $500,000
-Advancing to the semi-finals is worth $750,000
–Playing in the national championship game is worth $850,000
–Winning a national championship is worth $1.25 million.
He will receive another $100,000 for reaching the SEC championship game and another $200,000 for winning it.
Bowl bonuses range from $50,000 to $100,000 for non-playoff bowls.
If Smart were to resign, the buyout would look like this:
–$5 million on or before December 31, 2026
–$4 million on or before December 31, 2029
–$3 million on or before December 31, 2030
–$2 million on or before December 31, 2031
–$1 million on or before December 31, 2033
Other bonuses are for academic achievement and Coach of the Year awards.
Smart is 97-17 in his ninth season at Georgia with two national championships and two SEC championships. Georgia is 3-1 and ranked fifth nationally this season entering Saturday's home game against Auburn.
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