Kirby Smart’s contract to be the new head coach at Georgia is for six years and he will be paid about $3.75 million per year according to the memorandum of understanding released by the school Sunday after his hiring was announced.

The annual salary is slightly less than the $4.1 million Mark Richt had agreed to in his final contract. Smart will be introduced as the new coach on Monday in Athens.

The bonus structure in Smart’s contract is fairly standard. Here’s what he gets for successful seasons with the Bulldogs:

  • SEC success: Smart gets $400,000 for winning the SEC championship or $150,000 for winning the SEC East, but losing in the title game.
  • National success: $1 million for winning the national championship, $600,000 for losing the national title game or $500,000 for advancing to the national semifinal game.
  • Poll success: $200,000 for a top-5 finish in either the AP or coaches polls.
  • Bowl success: $200,000 for playing in any of the other New Year’s Six bowls, though not in the playoff; $100,000 for making the Citrus Bowl; $75,000 for playing in one of the so-called Six-Pack bowl games (Taxslayer, Outback, Belk, Music City, Texas or Liberty); $50,000 for playing in the Birmingham or Independence Bowl.