BOISE, Idaho - Boise State University announced today (Jan. 4) that it has agreed in principle with head football coach Chris Petersen on new contract terms that include increased compensation from $1.652 million to $2 million beginning on Feb. 1, 2012 and an extension through January 31, 2017. The State Board of Education has approved the new terms, with details on the structure of the contract and the allocation between current salary, royalty payments, deferred compensation and retirement benefits to be finalized in the coming weeks and considered by the Board at their meeting in February. The new contract will also include an increase of an additional $200,000 per year in each of the next four years of the contract as well as new incentive bonuses for academic and athletic achievements and an increase to the buyout to $750,000.
"Chris Petersen's success in sustaining excellence in football at Boise State has created a unique opportunity for the University to achieve national attention as a school equally dedicated to academic excellence," Boise State President Dr. Bob Kustra stated. "This has created opportunities for Boise State, its faculty, staff and students that deserves to be recognized and rewarded. Chris is a national role model for football coaches across the nation and it is my fondest hope that he will provide that leadership from Boise State for years to come."
Petersen recently completed his sixth year at the helm of the Bronco football program with a 56-24 victory over Arizona State in the MAACO Bowl Las Vegas on Dec. 22. Petersen has the best winning percentage amongst active coaches in the Football Bowl Subdivision at 73-6 (.924).
This past season he directed Boise State to a 12-1 overall record, marking the fourth straight year the Broncos have won 12 or more games.
The Broncos have won four league titles under Petersen's guidance, along with four post-season bowl games (2007 and 2010 Tostitos Fiesta Bowls; 2010 and 2011 MAACO Bowl Las Vegas).
"I feel honored and blessed that I will continue to lead this football team," Petersen commented. "I appreciate the support of the administration and Bronco Nation, and I'm excited about the continued growth of this program."
Along with Petersen's unparalleled success on the field, his teams have also accomplished outstanding achievements in the classroom.
For the second straight year the Bronco football team posted the No. 2 ranking in the annual academic BCS standings. The academic BCS measures how well a team supports the "student" side of its student-athletes.
This past year Petersen was recognized in an article written by Brett McMurphy of CBSSports.com as have the best Academic Performance Rate (APR) average the past two reporting years in the FBS.
Boise State was honored in May of 2011 by the NCAA as having posted multi-year APR scores in the top 10 percent of FBS schools. The Bronco football team recorded a perfect score of 1,000 in 2008-09, and 997 in 2009-10 for a two-year average of 998.5.
Next month at the American Football Coaches Association convention, Boise State will receive an academic achievement award for having a 100 percent graduation rate for its class of 2004.
"President Kustra, Curt Apsey (interim AD) and I have worked closely during this transitional period and agree that this new agreement reinforces Boise State's commitment to Coach Petersen," said incoming Director of Athletics Mark Coyle. "The academic and athletic successes of the program under Coach Petersen's leadership are recognized nationally and we are excited that he will continue to lead our football student-athletes."