With Penn State and other schools lurking, Coach Pete gets $375K raise
Pete gets a pay raisePhoto: Video by IdahoOnYourSide.com
BOISE – The Idaho Statesman reports that Boise State coach Chris Petersen appears to have reached agreement with the school on a $375,000-per-year raise and new five-year contract.
Broncos beat reporter Chadd Cripe reported Tuesday that Coach Pete has agreed to a deal that will pay him at least $2 million a season.
The deal, coming 10 days after Petersen led the 12-1 Broncos to a MAACO Bowl win, is subject to approval by the state's education board in February.
The board received permission in October to fatten his existing pact after it approved a series of tweaks to the contract.
Under new terms initiated by the university, Petersen's automatic one-year contract extensions for every season the Broncos win eight games would include a $100,000 raise, double the previous amount.
Petersen's total compensation this season was $1.625 million, acccording to the Statesman. That amount was set to increase by $100,000 every subsequent year to $1.9 million in 2015.
Information from The Associated Press was used in this report.