Petersen gets expected extension, raise

Numerous sources are now reporting that a long-expected extension for Chris Petersen has been agreed upon. First reported by SI.com Monday night, the Washington Head Coach is expected to make just shy of $5 million averaged out through the new deal, which goes through the 2023 season.

The university has not made details of the contract public at this time, but expect news soon of the extension and raise. 

Petersen, who would have made $4 million the last two years of his current contract, is getting a hefty raise. Per Pete Thamel of SI.com, Petersen will now make $4.125 million in 2017, which will escalate to over $5 million by 2023 if he stays through the duration of the new contract. The average compensation per season over the length of the new contract will be $4.875 million.

The contract will make Petersen the highest-paid head coach in the Pac-12. According to Thamel, Stanford's David Shaw made nearly $4.1 million two seasons ago, but since Stanford is a private school they don't have to make their contracts public). 

Petersen made $3.6 million this past season, as well as an additional $1 million in performance-based bonuses as the Huskies won the Pac-12 Championship game and made it to the CFB Playoff, winning 12 games overall. 

His assistants are also expected to get extensions and raises. Defensive Coordinator Pete Kwiatkowski was bumped to $600,000 a little over a year ago as part of a two-year deal, and Jimmy Lake earned a $120,000 raise as part of a two-year deal as well. Linebackers Coach Bob Gregory earned $50,000 more in 2016 from his $440,000 contract the year before. 

The one expected to get a bigger deal is offensive coordinator Jonathan Smith, who was on a one-year contract in 2016 for $440,000. 

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