The new pact recognizes Rodriguez' achievements during the past three seasons when the Mountaineers captured three Big East conference championships and the 2006 Nokia Sugar Bowl title.
Pastilong and Rodriguez negotiated the final terms of the agreement, which includes an additional $100,000 per year in deferred compensation that Rodriguez can collect in December, 2011, if he remains as head coach at West Virginia.
"This new agreement recognizes the job that Rich has done at WVU," said Pastilong. "He has had great success during the past three years and we look forward to Rich coaching for his alma mater for a long time."
The agreement also includes an increase in the compensation pool for assistant football coaches, and plans, pending private funding support, to renovate the Milan Puskar Center, including the study center and locker rooms.
"The success of our football program has been a team effort of the players, coaching staff, administration and fans," said Pastilong. "It will take a continuation of that effort as we move forward to secure funding for the Puskar Center renovations."