Georgia's Richt agrees to new 5-year contract

ATHENS, Ga. (AP) Georgia coach Mark Richt has agreed to a new five-year contract that will carry him through the 2016 season.

Athletic director Greg McGarity says final details are still being finalized by attorneys.

Richt, who just completed his 11th season, is making $2.81 million annually in his current deal. McGarity says his compensation, as well as his buyout clause and other deals, will be "tweaked" in the new contract. McGarity says he won't provide details until the document is ready.

Richt is coming off a 10-4 season that included a loss in the SEC championship game. He says he hopes to complete his career at Georgia.

Georgia also announced a new three-year contract for defensive coordinator Todd Grantham. As with Richt's deal, financial terms are being finalized.

Updated March 12, 2012