Georgia’s athletic board talked a good bit about football coach Mark Richt’s coming contract extension, but no deal has been finalized yet.
University of Georgia president Michael Adams said the two sides are “pretty close.”
“There’s some lawyering to be done yet, but we’re in 98 percent agreement and the other two percent is just minor details,” Adams said tonight after the meeting.
The athletic board’s executive committee can approve the Richt deal in a conference call before the spring full board meeting. That committee met behind closed doors in an executive session for nearly a half hour to talk about Richt’s contract.
“We needed to tell the board where we were,” Adams said. “It’s an important matter. We believe in our football coach and we think he’s going to be here a good while.”
Richt’s contract is expected to run for at least four years. It currently pays him about $2.9 million a year and goes through the 2013 season.
“I’m not going into details until the deal is done,” said Adams, who would not talk about any Richt raise.
Richt, entering his 12th season in Athens, had a bounce back season after a 6-7 2010 and an 0-2 start in 2011 put his job in jeopardy. Georgia finished 10-4 and won the SEC East for the first time since 2005.
Defensive coordinator Todd Grantham is also expected to get an extension.
He is entering the final year of a three-year deal that pays him $750,000 a year. He is expected to have two years added to his current deal.
McGarity said that could be a couple of weeks still before that deal is complete, but there wasn’t any urgency.
McGarity remains confident that Grantham wants to stay at Georgia and “there’s no question he’s excited about being here.”
McGarity said he spoke to Grantham earlier today.
“I’m going to call him back sometime today and start talking about it,” McGarity said. “I’ll probably give him something in writing when we talk about the general parameters of what we want to do.”
The executive committee meeting was held across the hall from Richt’s office in the Butts-Mehre building. Richt dropped by beforehand to chat with an early arrival board member.
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