Thursday, October 20, 2011
Chris Petersen to get fatter contract
BOISE, Idaho -- Boise State has gotten permission to fatten the five-year contract of football coach Chris Petersen.
The state Board of Education approved a series of tweaks to Petersen's contract on Thursday.
Under new terms proposed 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 bonus for earning a BCS berth would increase by $25,000. Under the current deal, Petersen gets a $150,000 bonus for a BCS game and $100,000 for winning a conference title.
Petersen's total compensation this year will be $1.5 million. That amount increases by $100,000 every subsequent year to $1.9 million in 2015.
His buyout clause is valued at $650,000.