Oregon State AD signs five-year contract extension

CORVALLIS, Ore. -- Oregon State athletic director Bob De Carolis was signed to a five-year contract extension, the school announced Wednesday.

De Carolis, 53, has been the director since Aug. 28, 2002, hiring several coaches and leading the drive to expand Reser Stadium.

"His vision has enabled alumni, fans and current students and staff to feel proud to be associated with this university," university president Edward Ray said. "Bob's abilities to manage resources and recruit world-class coaches are well-known. There is no question that even better days are ahead for Oregon State University athletics."

De Carolis led the largest fundraising campaign in the history of the athletic department, raising $30 million toward the $80 million Reser Stadium expansion project. Among those he has hired include football coach Mike Riley and women's basketball coach LaVonda Wagner.

"We have made tremendous strides in recent years, but we have a lot of work to be done," De Carolis said.

The new contract includes an annual base salary of $353,892 and incentives.