Current:Home > MarketsWill Sage Astor-Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details -AssetScope
Will Sage Astor-Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details
Fastexy View
Date:2025-04-07 16:30:43
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! (64)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Riley Strain Honored at Funeral Service
- Terrence Shannon Jr. powers Illinois to Elite Eight amid controversy
- International Court Issues First-Ever Decision Enforcing the Right to a Healthy Environment
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Harvard applications drop 5% after year of turmoil on the Ivy League campus
- Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit
- EPA's new auto emissions rules boost electric vehicles and hybrids
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Is Taylor Swift Featured on Beyoncé’s New Album? Here’s the Truth
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Nate Oats channels Nick Saban's 'rat poison' talk as former Alabama football coach provides support
- Tori Spelling Files for Divorce From Dean McDermott After Nearly 18 Years of Marriage
- Well-known politician shot dead while fleeing masked gunmen, Bahamas police say
- A White House order claims to end 'censorship.' What does that mean?
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Mixed Nuts
- USWNT midfielder apologizes for social media posts after Megan Rapinoe calls out 'hate'
- Clark and Reese bring star power to Albany 2 Regional that features Iowa, LSU, Colorado and UCLA
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
What restaurants are open Easter 2024? Details on Starbucks, McDonald's, fast food, takeout
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Mixed Nuts
Connecticut will try to do what nobody has done in March Madness: Stop Illinois star Terrence Shannon
A South Texas lawmaker’s 15
Key takeaways about the condition of US bridges and their role in the economy
At least 5 deaths linked to recalled supplement pill containing red mold
Powerlifter Angel Flores, like other transgender athletes, tells her story in her own words