“We honor the terms of the contract.”

Boy, this has to chap McGarity’s ass.

James Coley’s annual salary as Texas A&M’s tight ends coach is $450,000 annually, but he’ll still be paid at least $1 million by Georgia for the final two years of a three-year contract he signed when he was promoted to offensive coordinator in January of 2019.

Athletic director Greg McGarity said the school will pay an offset for the time left on Coley’s contract that ran for two more seasons. Coley was demoted in January before making a move to the Aggies.

Not that he has the cojones to actually say, “Kirby, this had better work”, but still, I’d hate to be the face in the mirror when he gripes about the reserve account balance… privately.

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22 Comments

Filed under Georgia Football, It's Just Bidness

22 responses to ““We honor the terms of the contract.”

  1. Kirby didn’t fire him. Of course, without reading the contract, why would you agree to some type of salary replacement for a voluntary separation?

    Liked by 2 people

    • Chi-town Dawg

      It’s fairly common in business that if you lose your job as a result of a restructuring, the company must either offer you a comparable job at the same pay or a severance package if you choose not to take a lesser position for less pay. Although not entirely the same, Coley was basically moved out of his position. I realize they gave him some BS assistant HC title, but he was basically demoted and the “demotion” may have triggered some contract clause. I’m sure everyone realized there was zero benefit to keeping him around, so as you pointed out below they probably negotiated a settlement and sent him on his way. Win-win

      Like

  2. I’d like to know the catch in the contract or the lie in the reporting here – either he wasn’t fired and there is a catch in the contract that gets Coley his money or he was actually fired and UGA owes him a buyout.

    Liked by 1 person

  3. The Georgia Way

    Rest assured, The Georgia Way is a mysterious way.

    #THEMAGICMIRRORNEVERLIES #COMMITTOTHEG

    Like

    • Dylan Dreyer's Booty

      It really is mysterious. We paid Richt and he didn’t even have a contract. I realize he was canned which is a different situation, but still. Meanwhile, something in the till for the fans and players? Eh, not so much.

      Like

  4. FlyingPeakDawg

    Dammit…that’s going to cost us 0.00001% of our TV revenue. Time to hit up Hartman contributors!

    Like

  5. Gurkha Dawg

    Big time college football is like medicine used to be. There is so much money sloshing through the system that no one gives a shit. Medicine has changed and CFB will too. These guys should enjoy the good times while they last.

    Like

  6. UGA '97

    good riddance money spent plus monken was cheap.

    Like

  7. W Cobb Dawg

    So Coley negotiates a better contract than Greg Mediocrity. No surprise there. Shoulda dumped Greg and elevated Coley to A.D., thereby saving the buyout $$.

    Like

  8. Debby Balcer

    Since Kirby did not negotiate the contract and McGarity did he should’ve looking in the mirror.

    Like

  9. Debby Balcer

    Since Kirby did not negotiate the contract McGarity needs to look in the mirror.

    Like

  10. ben bragg

    I hear mcgarity has his house up for sale. BA seems to think that could signal mcg is out in June or July.

    Like

  11. Bright Idea

    If UGA didn’t owe it to Coley would that be Scott Cochran’s money?!?!?

    Like

  12. Mayor

    Pretty much does away with the notion that he wasn’t fired.

    Like

  13. voxdawg

    Sounds like Coley was fired, in that case. Why else would they pay the difference in his UGA OC contract and the shitty aTm one?

    Like

  14. Jason

    We are paying coley to recruit against us in Florida

    Like