That means McGarity would earn $700,000 in salary and another $50,000 bonus for remaining another year.
“I think it's his job until he doesn't want it anymore,” said board member Jon Stinchcomb, a former Georgia football player. “That's what I think and understand. I don't think he's given anybody any reason to think otherwise. He's stabilized a couple of programs that weren't doing very well and, as we all know, the engine that drives everything is doing pretty good as well. Unless something changes, I think everybody's very pleased with the job Greg's doing.”
McGarity gave no hints as to how he’s leaning. He said he would discuss his options with Morehead in “the next four or five weeks.”
McGarity did say he still enjoys his work and doesn’t mind working without a contract.
“Oh, absolutely,” he told reporters after the hour-long board meeting. “I’m 65. I enjoy working. So that part of it, I have no problem with that. If I was younger it might be a different story, with four or five years. But I’m very comfortable with the way things are.”
Health wouldn’t appear to be an issue. McGarity, an Athens native, jogs with a group of friends every morning at 6 a.m.
Morehead pointed out McGarity’s fitness.
"From my perspective he looks younger every day, so I don't think it's too much of a grind,” he quipped.