As expected, new Georgia defensive coordinator Jeremy Pruitt will be paid $850,000 a year under a three-year contract, according to a draft of a four-page memorandum of understanding obtained Friday through an open records request.
That‚Äôs the same total compensation that defensive coordinator Todd Grantham was getting before he left to take a similar position at Louisville. Grantham had a year left on a reworked three-year deal he had signed in 2012 at Georgia.
The buyout terms if Pruitt were to resign are $125,000 in 2014, $100,000 in 2015 and $50,000 in 2016 in a contract that runs through Dec. 31, 2016 or any bowl game played in January, 2017.
‚ÄúIt‚Äôs not huge numbers, but my philosophy has always been that a buyout should not be the reason somebody stays,‚Äù athletic director Greg McGarity said. ‚ÄúIf somebody wants to go, they need to go, but on the back end, especially with new contracts we need to have something there to defray some transitional expenses.‚Äù
Such as the $75,000 reported buyout from Pruitt‚Äôs contract with Florida State.
Georgia will get only about $5,000 from Grantham for his buyout, but McGarity said Pruitt‚Äôs buyout terms are more in line with what offensive coordinator Mike Bob has in his contract.
‚ÄúWe didn‚Äôt have that with Todd, but Todd‚Äôs was like that to begin with so we‚Äôve adjusted this to mirror Mike contract so now Mike and Jeremy are identical in the terms of the contract in terms of the wording and things of that nature,‚Äù McGarity said.
Bobo signed a three-year contract last offseason worth $585,000 per year.
Pruitt‚Äôs base salary is $350,000 with an additional $500,000 in supplemental compensation. He will be eligible for performance bonuses.
If Pruitt is fired without cause, he will get the remainder of his base salary as well as supplemental compensation. Georgia‚Äôs liability will be reduced by any income earned from another job Pruitt would get after termination.