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.
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.