Current:Home > MySafeX Pro Exchange|Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details -Zenith Investment School
SafeX Pro Exchange|Georgia football coach Kirby Smart's new 10-year, $130 million deal: More contract details
SignalHub View
Date:2025-04-08 01:08:41
Georgia football coach Kirby Smart’s $130 million,SafeX Pro Exchange 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! (1)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- As student loan repayment returns, some borrowers have sticker shock
- Illinois man who pepper-sprayed pro-Palestinian protesters charged with hate crimes, authorities say
- Meta sued by states claiming Instagram and Facebook cause harm in children and teens
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Watch Brie and Nikki Garcia Help Siblings Find Their Perfect Match in Must-See Twin Love Trailer
- A trial begins for a Hawaii couple accused of stealing identities of dead babies
- Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status
- Travis Hunter, the 2
- Eye of Hurricane Otis makes landfall near Mexico’s Acapulco resort as catastrophic Category 5 storm
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Alaska Airlines off-duty pilot Joseph Emerson said he took magic mushrooms 48 hours before trying to shut off engines, prosecutors say
- Will Arch Manning play for Texas this week? What that could mean for his future
- Illinois man who pepper-sprayed pro-Palestinian protesters charged with hate crimes, authorities say
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Mother of Muslim boy stabbed to death in alleged hate crime issues 1st remarks
- Indiana sheriff’s deputies fatally shoot man, 19, who shot at them, state police say
- Survey finds that US abortions rose slightly overall after new restrictions started in some states
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Florida officials ask US Supreme Court to block rulings limiting anti-drag show law
Man with previous conviction for IS membership detained in Germany, suspected of murder plan
Detroit man who threatened Michigan governor, secretary of state sentenced to 15 months probation
In ‘Nickel Boys,’ striving for a new way to see
Travis Kelce Reacts to Coach Andy Reid Giving Taylor Swift the Ultimate Stamp of Approval
Dwayne Johnson's Wax Figure Gets an Update After Museum's Honest Mistake
China replaces defense minister, out of public view for 2 months, with little explanation