Winning the SEC in only his second season in Athens continues to pay off for Kirby Smart.

Georgia has agreed with Kirby Smart on a raise and a contract extension. The news was first reported by ESPN’s Mark Schlabach. The deal is expected to pay him $49 million for seven seasons, per Schlabach.

Smart’s original deal with the school ran until after the 2021 season with a base pay of $3.75 million per season. That figure represented the 8th highest average salary in the SEC. He’ll now make $7 million a year, which puts him at fourth in the SEC, behind only Jimbo Fisher, Nick Saban and Gus Malzahn.

Georgia quickly confirmed the news following the report:

Smart offered up these comments in a prepared statement:

“I’d like to first thank President (Jere) Morehead and (athletics director) Greg McGarity for allowing me to lead this program. I’m humbled by the faith they’ve placed in me and won’t ever take that for granted. I’d also like to thank our staff and our entire football family. Without their hard work and dedication we wouldn’t have been able to have the kind of success we’ve had in such a short period of time.

“As a young boy, I grew up in this great state dreaming of being a Bulldog. To have been able to do that—first as a player, and now as the head football coach—is beyond anything I ever dreamed. I do not take lightly the awesome responsibility of leading this program, and while I’m pleased with where we are as a program, I couldn’t be more excited about where we’re going in the future. You can rest assured that we will continue to work tirelessly to make Georgia football the best it can possibly be.”

In his two seasons in Athens, Smart has a 21-7 overall record. Smart won the SEC (by beating rival Auburn 28-7) and the Rose Bowl (by beating Oklahoma with Heisman Trophy winner and No. 1 overall pick in the 2018 NFL Draft, Baker Mayfield 54-48 in double overtime) last year, reaching the CFP National Championship Game in only his second season in Athens.

Smart was named 2017 SEC Coach of the Year by the AP. He currently holds a 3-2 record against top 10 opponents and a 12-6 record against SEC foes (including the win over Auburn in the SEC Championship Game and the loss to Alabama in the title game).

Following his team’s success on the field last season, Georgia got off to an excellent start to 2018 by signing the nation’s best signing class — which ended Alabama’s seven-year run of signing the top class in the country.