|Mark Richt received a raise and an extra year on his contract, which now runs through 2017. (US Presswire)|
Mark Richt began 2012 with an extension on his contract. But after leading Georgia to a 12-win season that included an SEC East title, the school has rewarded Richt with another year on his contract and a raise in his annual salary.
On Tuesday, the University of Georgia Athletic Association Board of Directors approved a one-year contract extension and a bump in annual compensation from $2.81 million to $3.2 million. Richt's deal, which now runs through the 2017 season, is a reward for the impressive turnaround from 2010's 6-7 showing. Since then, the Bulldogs have recorded a 22-6 record and won back-to-back division titles.
"Twelve wins, the manner in which he's done it, it's just something that we felt like we needed to do," athletic director Greg McGarity said Tuesday. "We met yesterday and talked about it and met with Dr. Adams late yesterday afternoon and all left the room happy, so that's where we are now."
The bump in pay does not come as a huge surprise considering Georgia's success in the last two seasons. Before the 2012 season started, Richt's contract was reworked to add a season to the deal and include more incentive-based compensation opportunities. Richt, preparing to enter his 13th season as Georgia's coach, was appreciative of the board's decision.
"I'm honored and very thankful to Dr. Adams, Greg McGarity and the Athletic Board for their support in what we are working daily to accomplish," Richt said. "I look forward along with our staff to preparing this team for the challenges of another season. From what I've heard, our team is working hard in the offseason conditioning program and paying the price necessary to be successful in the fall."
The bump in salary makes Richt one of the top five SEC coaches in terms of annual compensation. Of all the other coaches in that group (Alabama's Nick Saban, South Carolina's Steve Spurrier, LSU's Les Miles, Arkansas' Bret Bielema), Richt has been at his current post the longest. The only coach in the whole conference who can match Richt's tenure is Missouri's Gary Pinkel, also preparing to enter his 13th season with the Tigers.
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