West Virginia University has agreed to terms with head football coach Dana Holgorsen on a contract extension that would keep him in Morgantown through 2017.
According to the agreement, Holgorsen, in his second year with WVU, will be paid an annualized salary of $2.3 million this season with $250,000 in base pay while the rest comes from supplemental pay generated by the athletic department or private sources.
WVU athletic director Oliver Luck says the terms of the contract are similar to other current Big 12 coaches as well as those around the country at major colleges.
"This contract brings us closer to the salaries of other major university head coaches and those within our conference," Luck said. "We have said all along we are going to pay our coach a competitive salary for a very valued and competitive position. I have full confidence in Coach Holgorsen and his staff and want them to be with us for a long time. He is the right man to lead our football program into the Big 12 and beyond."
The contract will bring Holgorsen yearly raises of $200,000 for years two and three and $100,000 in years four and five, with no raise in the final year of the agreement. It will continue to include performance-based incentives for accomplishments such as postseason bowl appearances, victories, academic success, conference championships and so forth.
The contract includes a $2 million buyout.
"I want to thank Oliver Luck and President Jim Clements for their confidence in and commitment to our football program. We have a lot of things that we want to accomplish, and we have a great administration supporting us," Holgorsen said in a statement. "There is no question that joining the Big 12 Conference presents new challenges in competition, facility upgrades and overall growth. However, I am excited to be the head coach of the West Virginia University Mountaineers, I enjoy living in this state, and I look forward to many more successful years in Morgantown."
Luck and Holgorsen met with the media on Wednesday to discuss the contract extension, video of which can be viewed here.