Friday January 2nd, 2015

Georgia is working on a contract extension for coach Mark Richt, according to a letter written by athletic director Greg McGarity to donors on Friday.

The letter, which was obtained by The Macon Telegraph, comes amid speculation over whether Richt would step down.

"I look forward to working alongside Mark in the future and in helping him move our program forward in all areas," the letter says, according to the paper. "We will be working on a contract extension with Mark over the coming days. I know Mark is focused on completing his coaching staff and recruiting. Our support staff is also focused on a number of construction projects, including the indoor practice facility and future enhancements to football areas in Sanford Stadium. We will keep you updated on progress in these areas as they develop."

Colorado State hires Georgia OC Mike Bobo as head coach

Richt, 54, has three years remaining on a contract with annual compensation of $3.2 million. According to a database compiled by USA Today, Richt is the seventh-highest paid coach in the Southeastern Conference.

In 14 seasons under Richt, the Bulldogs have gone 136-48 with 14 bowl appearances and two SEC titles. This season the Bulldogs went 10-3 and beat Louisville in the Belk Bowl.

STAPLES: Oregon proves it's not soft in FSU rout

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