Louisville announces an extension of Bobby Petrino's contract; the contract is now 7 years for $30.625 million or $4.35 a year

University of Louisville athletic director Tom Jurich announced an extension of football coach Bobby Petrino's contract; the new deal extends his contract seven years to the 2023 season and is for $4.35 million per year.

University of Louisville athletic director Tom Jurich said he wanted to show commitment to the program and the confidence he has in football coach Bobby Petrino and the job he's doing.

So, Jurich gave him a contract extension.

The deal announced extends the original contract to seven years - the 2023 season - and raising his salary to a total of $30.625 million.

“Our future is really bright," Jurich said. "Everything that I see has been fantastic. I love the growth of this program."

Per the school's release, the new contract would raise Petrino's base pay from $3 million to $3.875 million in 2016, with $25,000 increases every year beginning July 1, 2017 and going through 2023. The addendum on Petrino's contract replaces the original seven-year deal.

Petrino noted he would be 62 at the end of the deal.

"This is where I want to be," he said. "This is the place I want to finish my career, and I think everybody sees that now."

He added: "I work for the best athletic director in the country."

The annual base will likely rank around 11th or 12th most in the country and will be third in the ACC behind Dabo Swiney and Jimbo Fisher.

"Bobby has earned this," Jurich said. "I know this is a place he wants to call home."

In his second tenure at U of L, Petrino went 9-4 in his first season back and 8-5 last season. The Cardinals beat Texas A&M in the Music City Bowl last season and will likely be ranked in the top 25 this preseason.

"I just want to thank Tom and Dr. (James) Ramsey for their confidence," Petrino said. "I'm very blessed to work for the best A.D. in the country. And I'm blessed to work for a school that is willing to commit the resources to be successful. My family is happy here. The Bobby Petrino Foundation his having great success. It's a great situation and I’m grateful every day for it."

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