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Gailey officially signs five-year, $5 million contract

ATLANTA -- Georgia Tech football coach Chan Gailey signed
the $5 million, five-year contract that he agreed to in November.

"It's great to finally have this in place," Gailey said
Thursday. "It was just a matter of getting all the paperwork
done."

The new deal runs through 2010.

Gailey has a 28-22 record in four seasons at Georgia Tech,
leading the school to four straight bowl appearances. The Yellow
Jackets went 7-5 last season, including upsets at Auburn and Miami.

"Obviously, I'm very happy to be here," Gailey said. "When I
came here, my expectation was to finish my career at Georgia Tech,
and this is a big step in that direction."