CRAWFORD | Louisville extends Petrino contract to 2023 with $30 million deal
"I wanted to show everybody the confidence I have in him, the job that he’s done and the job that he’s doing," said U of L Athletics Director Tom Jurich.
LOUISVILLE, Ky. (WDRB) — The University of Louisville, in an expected move, has extended the contract of head football coach Bobby Petrino, extending it to the 2023 season and raising his salary to a reported $4.35 million per year.
Sources told WDRB that the deal is for 7 years and $30.625 million overall. The base salary is actually $3.875 million, but Petrino will get a $500,000 per year bonus if the program scores a 935 on the NCAA's Academic Progress Rate report. The potential deal rises to $4.45 million in July of 2017. The NCAA minimum for good standing is a 930. Petrino had been under contract until 2021. with a salary of just over $3 million per year. His new salary will put him among the dozen highest-paid college football coaches in the nation.
Still, outlining the difficulty of the challenges ahead of him, Petrino remains the third-highest coach in the ACC Atlantic Division, with Clemson’s Dabo Swinney having just signed a six-year, $5.29 million per year and Florida State’s Jimbo Fisher making $5.15 million per year.
"I wanted to show everybody the confidence I have in him, the job that he’s done and the job that he’s doing," Louisville athletic director Tom Jurich said.
Petrino is 58-18 in his career at Louisville, including a 9-4 mark last season after starting the season 0-3. He has led the Cardinals to a bowl game in all six of his seasons in Louisville.
"I just want to thank Tom and Dr. (James) Ramsey for their confidence," Petrino said. "I'm very blessed to work for the best A.D. in the country. And I'm blessed to work for a school that is willing to commit the resources to be successful. My family is happy here. The Bobby Petrino Foundation his having great success. It's a great situation and I’m grateful every day for it."
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