Current:Home > StocksWill Sage Astor-Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details -ProsperityStream Academy
Will Sage Astor-Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details
NovaQuant View
Date:2025-04-08 23:29:07
Georgia football coach Kirby Smart’s $130 million,Will Sage Astor 10-year contract that runs through the end of the 2033 season is fully guaranteed if he were to be fired without cause through the end of 2028. It's 85% percent guaranteed thereafter, according to a new amendment to the contract obtained by the Athens Banner-Herald — which is part of the USA TODAY Network — on Friday through an open records request.
The new deal that included a two-year contract extension and was announced by the school on May 2 is similar in the buyout structure to the previous terms.
Smart will be 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 gone up to $10.75 million this year.
Smart's bonus structure increases from a maximum $1.525 million to $1.775 million annually.
Smart makes more money each step of the new 12-team playoff if his team is in the field.
Here’s how that is laid out, 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 semifinals 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, here’s how the buyout is laid out:
- $5 million on or before Dec. 31, 2026
- $4 million on or before Dec. 31, 2029
- $3 million on or before Dec. 31, 2030
- $2 million on or before Dec. 31, 2031
- $1 million on or before Dec. 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 No. 5 nationally this season entering Saturday's home game against Auburn.
veryGood! (6132)
Related
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- 'We are just ecstatic': Man credits granddaughter for helping him win $2 million from scratch off game
- Pennsylvania state trooper lied to force ex-girlfriend into psych hospital for 5 days, DA says
- Montana man pleads not guilty to threatening to kill President Joe Biden, US Senator Jon Tester
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Could The Big Antitrust Lawsuit End Amazon As We Know It?
- Lahaina family finds heirloom in rubble of their home on first visit after deadly wildfire
- Federal terrorism watchlist is illegal, unfairly targets Muslims, lawsuit says
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Alabama lawmakers vote to move forward with construction of new Statehouse
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- USDA expands access to free school breakfast and lunch for more students
- A murder suspect mistakenly released from an Indianapolis jail was captured in Minnesota, police say
- Former Spain women’s national team coach Jorge Vilda added to probe into Rubiales’ kissing a player
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Man who was rescued after falling overboard from tanker has died
- Winner of $1.6 billion Mega Millions jackpot claims prize in Florida
- 'Monopolistic practices': Amazon sued by FTC, 17 states in antitrust lawsuit
Recommendation
The Best Stocking Stuffers Under $25
Donald Trump and his company repeatedly violated fraud law, New York judge rules
A Danish artist who submitted empty frames as artwork is appealing court ruling to repay the cash
IMF says Sri Lanka needs to boost reforms and collect more taxes for its bailout funding package
Man charged with murder in death of beloved Detroit-area neurosurgeon
Striking Hollywood actors vote to authorize new walkout against video game makers
A Talking Heads reunion for the return of Stop Making Sense
Texas family sues mortuary for allegedly dropping body down flight of stairs