Money, and lots of it, was a dominant part of discussion Thursday at the Georgia Athletic Association Board of Directors’ spring meeting at St. Simons Island.
The board approved a budget increase of about $18 million, as well as a contract extension and raise for men’s basketball head coach Mark Fox.
And the desired location of the Indoor Athletic Facility was unveiled by athletics director Greg McGarity.
The long-discussed facility, which will cost around $30 million or so with construction expected to start in early 2016, is to go where head coach Mark Richt has wanted: connected to the Butts-Mehre Heritage Hall and extending down to the north end of the current practice fields.
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More details on the facility and funding will be discussed at the fall board meeting.
Fox’s extension was reported Wednesday night by the Athens Banner-Herald while Fox and Richt were on the Macon stop of the summer UGA Day tour.
The two-year extension locks Fox in through the 2019-20 season with a salary of $2 million per year, along with a longevity bonus of $150,000 per year.
“I never want to leave,” Fox told the paper.
McGarity also received a two-year contract extension, and announced the athletics department would give an additional $1 million to the university in addition to the $4 million the association had already pledged for this fiscal year.
The athletics budget grew from $99,850,500 to $117.4 million.
The board approved an increase of $5 in football ticket prices, which will raise nearly $2.5 million in ticket revenue.