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Georgia Bulldogs, Kirby Smart agree to new 10-year, $112.5 million contract, making him highest paid coach in college football, sources

After guiding Georgia to its first national championship in 41 years, coach Kirby Smart has agreed to a new 10-year contract that will pay him a record $112.5 million through the 2031 season.

Sources told ESPN that the $112.5 million total would be the most ever paid to a college football coach. Smart's average salary of $11.25 million would also be tops among coaches. The university announced the long-anticipated contract extension on Thursday. Smart will make between $10.25 million this season and $12.25 million in 2031.

"This is home for us, our roots run deep here," Smart said in a statement.