ATHENS, Ga. -- New University of Georgia head football coach Kirby Smart is set to receive $3.75 million annually, according to the memorandum of understanding agreed to by both parties.
Smart's contract will run from Jan. 1, 2016 through the 2021 season. Smart receives a base salary of $400,000 per year, but will also receive an additional $3.35 million in supplemental income. He could also receive up to $1.6 million per season in bonuses bases on the team's performance and other criteria.
PHOTOS: Kirby Smart
Smart would receive a $150,000 bonus if the team plays in the SEC Championship Game as SEC Eastern Division champion. If the school wins the national championship game, Smart would be paid an additional $1 million. He'd also receive $200,000 if the Bulldogs finish in the top 5 in the AP or Coach's Poll.
If the Bulldogs play, but lose, in the National Championship Game, Smart would receive a $600,000 bonus.
Other potential bowl bonuses:
- $50,000 for playing in the Birmingham or Independence Bowl
- $75,000 for playing in a Six Pack Bowl Game (Taxslayer, Outback, Belk, Music CIty, Texas, Liberty)
- $100,000 for playing in the Citrus Bowl Game
- $200,000 for playing in any CFP Bowl (Sugar, Rose, Orange, Cotton, Fiesta, Peach)
- $500,000 if the team advances to the CFP Semifinal game
Smart could also receive a $50,000 bonus if the team finishes in the top 33% of SEC football teams in both graduate success and academic progress rate (as determined by the university.
Smart would be paid $50,000 if he's named SEC Coach of the Year, $100,000 if he's named National Coach of the Year.
He also receives use of 25 seat box and six complimentary tickets at home football games, six tickets at away games, six SEC Championship tickets and bowl tickets, and can buy up to 50 tickets to the SEC Championship and bowl games.
The school will provide Smart with a stipend up to $1,800 per month for two vehicles.
If Smart chooses to leave the school, he's be responsible for $3.75 million in 2016, $3 million in 2017, $2.5 million in 2018, $2 million in 2019, $1.5 million in 2018. If he resigns in 2020, he'd be responsible for paying back the amount of his base salary. If he resigns in 2021, he would not owe any money.
If the contract is terminated by the university without cause, Smart would be owed:
- $13.5 million in 2016
- $10.8 million in 2017
- $7,050,375 in 2018
- $4,700,250 in 2019
- $2,350,125 in 2020
If terminated in 2021, Smart would be owed 62.67% of any unpaid base salary and supplemental income.
