The proposed new contract, which is pending approval from CU's Board of Regents, is for $16.25 million over its five-year length. It begins with a salary of $3.1 million for the 2017 season with modest increases annually.
"We're really happy about extending Mike's contract out through 2021," Athletic Director Rick George said in a released statement. "Continuity and consistency are the most important factors for us as we continue to build our program. So we're obviously excited that he we will continue to serve in that leadership role."
The 51-year old MacIntyre led Colorado to 10 wins in 2016, including an 8-1 mark in Pac-12 play and a South Division title. The Buffaloes won just five conference games, with 45 losses, the previous six seasons.
"I am ecstatic that we will be at University of Colorado for the foreseeable future, there's no place my family and I would rather be," MacIntyre said in a released statement. "We absolutely love it here, the people have been great and I truly believe this is just the beginning."
"I am blessed to be entrusted with such an incredible group of young men and a staff who have fought to lay a foundation for this football program," MacIntyre added. "The support from the administration has been tremendous, as has the enthusiasm from the fans. Together we have come together to accomplish something special. The future is bright for Colorado football."
MacIntyre has won seven of the eight National Coach of the Year awards, having received honors from Walter Camp, the Associated Press, ESPN/Home Depot, Scout.com and SB Nation, in addition to winning the Eddie Robinson and Bobby Dodd trophies.
MacIntyre is a finalist for both the American Football Coaches Association's Coach of the Year and Comeback Coach of the Year awards, which will be presented Tuesday in Nashville. He was also selected as the AFCA's Region Coach of the Year.
BuffStampede.com has learned Colorado's assistant coach salary pool will also increase this year. And BuffStampede.com has learned CU has identified and agreed to terms with the coach that will fill its defensive coordinator vacancy. An announcement as to who will lead the Buffaloes' defense going forward is likely to be made before the recruiting contact period begins on Thursday.