Georgia head coach Kirby Smart's new contract extension won't pay him exactly $7 million per year. In fact, he won't make that much in yearly salary until the 2021 season, but he'll make more than $7 million in 2022, 2023, and 2024 provided he's still the Bulldogs' head coach.

According to a copy of Smart's amended contract obtained by Dawgs247 via an open records request, Smart is set to make $6.7 million in 2019, $6.8 million in 2020, $7 million in 2021, $7.2 million in 2022, $7.3 million in 2023, and $7.4 million in 2024.

His base salary for each of those listed years is $500,000. The difference in that and the amounts listed above will be paid as a part of coach's media compensation and coach's equipment compensation.

In 2019 Smart will earn media compensation of $4.05 million and equipment compensation of $2.1 million. In 2020 he will earn $4.1 million and $2.15 million. In 2021 he will earn $4.2 million and $2.2 million. In 2022 he will earn $4.3 million and $2.3 million. In 2023 he will earn $4.35 million and $2.35 million. In 2024 he will earn $4.4 million and $2.4 million

For the 2018 season it appears as if Smart will make $3.75 million as a part of the contract he signed upon taking the head coaching job at UGA.

Under his new bonus structure, Smart can earn an extra $100,00 if UGA wins the SEC East. That increases to $225,000 if the Bulldogs win the SEC Championship game. He can only earn the highest of those two bonuses and not both.

Participation in the Birmingham or Independence Bowls will pay him an extra $50,000. He'll make $75,000 extra if the Bulldogs make it to the Tax Slayer, Outback, Belk, Music City, Texas, or Liberty Bowls.

The payout increases to $100,000 if UGA plays in the Citrus Bowl and to $175,000 if it makes it to any of the College Football Playoff Bowl Games (New Years Six). Those include the Sugar, Rose, Orange, Cotton, Fiesta, or Peach Bowls.

If Smart is able to lead his team to the College Football Playoff, he'll automatically earn at least a $250,000 bonus. That bonus increases to $500,000 if the Bulldogs advance to the National Championship Game and jumps to $750,000 if they win it all. The maximum bonus he can make in a given year is now $925,000 after he took home $1.35 million in bonuses a year ago.

While Smart's salary increases every year he's at Georgia throughout his amended contract, his buyout decreases each year. If he's let go in 2018 without cause it would cost UGA $6 million. The same amount would be owed if he were to be let go in 2019. That number decreases to $4 million in 2020, $3 million in 2021, $2 million in 2022, $1 million in 2023, and no buyout for 2024.

Provided Smart gives "reasonable" advance notice, the UGA Athletic Association shall make available to the UGA head coach a light jet (from Delta Jets or comparable service) for his personal use. That is for a maximum of 25 flight hours per calendar year.