The City of Jacksonville signed an agreement with the schools on Wednesday.
The Florida-Georgia game isn't going anywhere. The Gators and Bulldogs will continue to meet in Jacksonville through the 2021 season, thanks to a new five-year contract signed by the schools with the City of Jacksonville on Wednesday.
First Coast News reports that a term sheet obtained in January and likely used as a framework for the new deal, which covers the 2017 through 2021 seasons, called for Jacksonville to pay each school $250,000 annually, with both receiving $125,000 in 2016 — both figures significantly more than the $50,000 each school has been receiving from the city to defray expenses under the agreement that ends in December.