Tuesday, December 21, 2004 Updated: December 27, 7:41 PM ET
Louisville coach almost doubles his salary
LOUISVILLE, Ky. -- Louisville coach Bobby Petrino signed a
new contract Tuesday that will pay him $1 million a year plus a
$100,000 bonus if the Cardinals win the national championship.
Petrino, 43, was making $550,000 a year under his old
contract. The new deal adds a $50,000 bonus if the Cardinals reach
the Bowl Championship Series title game and another $50,000 if the
Cardinals win it.
Louisville will join the Big East next season. The Cardinals
were not eligible to qualify automatically for the BCS as members
of Conference USA.
"That's what our goal is," Petrino said of the BCS. "It's
certainly something that's out there for us and something we're
committed to getting done."
The Cardinals (No. 8 ESPN/USA Today, No. 7 AP) went 10-1 this season, earned the highest
ranking in school history and led the nation in points and yards per game. Petrino has been mentioned as a candidate for several major
coaching jobs in the last month, but he assured members of
Louisville's athletics association board Tuesday morning that he
was never going anywhere.
The new contract, like the old one, runs through the 2010
season. Petrino will earn a $1 million bonus if he stays through
the 2007 season.
"I'm looking forward to the upcoming years," he said. "This
is the place I want to be; this is the place my family wants to be.
We're looking forward to the future."
Louisville athletic director Tom Jurich still expects Petrino's
name to come up when higher-profile jobs open.
"There are certainly schools out there that have more money
than us," Jurich said. "But we're going to do everything in our
power to keep everything stabilized here."
The Cardinals play No. 10 Boise State (11-0) in the Liberty Bowl on Dec. 31.