ESPN.com is reporting that Gailey earned a 1 year contract extension. Per the ESPN article:Hip-hip-hooray, for example, for Georgia Tech's Chan Gailey. Even coming off season-ending losses to rival Georgia and to Wake Forest in the ACC title game, Tech's Toyota Gator Bowl bid activated an "extension bonus" in Gailey's contract that tacks an additional year onto his new five-year deal. That's a nice holiday perk, considering Gailey made nearly $1.2 [million] already this fall. He also collects a $25,000 postseason bonus, along with 10 tickets for family and friends to Georgia Tech's Jan. 1 game against West Virginia.Interestingly, the contract makes no mention of whether or not the tickets come with the matching 10 hot dogs and 10 Cokes.
(Image: Someone should bring the sign on the right when they do the press conference for Gailey's new deal)
In other coaching news, FanBlogs.com lets us know that Boston College (Jeff Jagodzinski) and Stanford (Jim Harbaugh) have named their new head coaches. Sorry Dawg fans, Al Borges is still at Auburn.
PWD
