Georgia's Richt, Grantham receiving extensions

Georgia's Richt, Grantham receiving extensions

March 12th, 2012 by David Paschall in Local - Breaking News

Georgia coach Mark Richt gestures to the crowd.

Photo by Associated Press/Times Free Press.

Georgia football coach Mark Richt is receiving a three-year extension to his existing contract, which gives him a five-year total running through the 2016 season.

The dean of Southeastern Conference football coaches has an 11-year mark of 106-38 that includes four SEC East titles and league championships in 2002 and '05. He also has led the Bulldogs to 10 wins in 11 tries against state rival Georgia Tech.

"I'm excited about the new contract," Richt said today at a news conference. "I've never really changed my stance on how I feel about Georgia from the first day I got the opportunity to be here. My goal and my wife Kathryn's goal was to build our life in Athens, raise our children here and finish my coaching career here."

Richt's current salary is $2.81 million annually, but financial details of the new contract are still being finalized.

"The extension is a statement that we are excited to have Mark as our coach and that he is excited about being at Georgia in the years to come," Bulldogs athletic director Greg McGarity said.

McGarity also is finalizing finances for defensive coordinator Todd Grantham, who is receiving a two-year extension. Grantham's new deal will run through the 2014 season.

In other Georgia news, senior cornerback Branden Smith was arrested on a misdemeanor marijuana possession charge early this morning in Abbeville, Ala., on his way to spring break at Panama City Beach, Fla. Richt is gathering information on the arrest and said he would announce Smith's punishment in due time.

For more information, ready Tuesday's Times Free Press