There are still some details to be sorted out. Miami had wanted to have its coach in place by this weekend, the source said.
The 55-year-old Richt, a former Hurricanes QB, spent 15 seasons at Georgia and won two SEC titles, but he was fired Sunday. His record is a stellar 145-51. Before getting the Georgia job, he spent a decade on Bobby Bowden’s staff at Florida State.
There has been speculation that Miami wouldn’t or couldn’t afford to pay its new coach above $3 million a year (Al Golden made around $2.5 million, reportedly), but a source said that the school had the flexibility to pay its new coach around $4 million per year.
Richt will replace Golden, who was fired at midseason. He was 32-25 and just 17-18 in ACC play.