State Board approves Boise State football coach Chris Petersen's new contract

By Chadd Cripe
ccripe@idahostatesman.com
© 2012 Idaho Statesman

Boise State football coach Chris Petersen's new five-year contract was approved unanimously by the State Board of Education on Thursday. There was no discussion.

Here are the details, as I reported Monday:

— Petersen’s new contract is worth $11,748,333 over five years — including a new $250,000 annual payment to purchase a license to use the coach’s likeness.

— The annual salary, which includes longevity incentives, deferred compensation and pension payments, will be $1,706,333 in 2012, $1,898,000 in 2013, $2,098,000 in 2014, $2,298,000 in 2015 and $2,498,000 in 2016. The salaries include longevity bonuses that are only paid if he is still employed on Feb. 15 of the following year. For the last three years of the contract, that amount is $200,000.

— Petersen also will receive a $250,000 annual payment for the life of the contract as a licensing fee so that the university can use his “name, image, voice, signature, etc.” for marketing, promotion and merchandise. The licensing agreement is with Chris Petersen Enterprises, LLC. The agreement gives Petersen the right to veto any use of his likeness. It is an exclusive license.

Under his previous deal, Petersen would have been paid $1.625 million in 2012 and $9.125 million over five years. His pay in 2012 under the new contract is $1,956,333.

— As before, the contract is extended by a year each time the Broncos win eight games. It currently runs from Feb. 1, 2012, to Jan. 31, 2017.

— The performance bonus is $80,000 for winning a conference championship or reaching a conference championship game; or $35,000 for a bowl appearance; or $150,000 for a BCS appearance; or $250,000 for a national championship game appearance.

— The academic bonus is $40,000 for an APR of 955 or higher. The football program’s APR was 981 last year, which ranked in the top 10 percent of all FBS schools. The FBS average was 949.

— Petersen’s buyout is $750,000. The school’s buyout of Petersen is $250,000 per year left on the deal, plus any guaranteed money left in the deal, plus the pro-rated amount of his longevity incentive for the year he was fired. If Petersen leaves, he must do so after the end of the season, including a bowl game. The buyout applies to three kinds of jobs: FBS head coach, assistant coach at a school in Boise State’s conference or a conference Boise State has contractually agreed to join; or NFL head coach.

— Petersen receives a $100,000 raise for each extension year.

— Petersen can earn additional money from university-sponsored camps.

— Petersen must provide written (or e-mail) notice at least 24 hours before interviewing for a coaching job at another college or with a professional team.

— Petersen’s pay comes from athletic department revenue, not from state-appropriated funds.

Good For You Coach!

I've stopped wondering why Coach Pete hasn't been lured away yet. I'm just glad he's still here. Thanks coach!

Because he

likes it here, just like you and me. This is a good deal for Boise State and the Treasure Valley. Coach Pete is a community kind of guy, and his many off-the-field endeavors contribute greatly to our area. And, before the naysayers jump in, they should wonder what the offers were from Stanford and UCLA.

off field endeavors

What off field endeavors that aren't connected with BSU?

well let's try....

Make-a-Wish and Beat Coach Pete for only two. His impact on this community ranges far beyond those white lines on the Blue.
He is helping to mold and mentor responsible good citizens that we are all proud of. We've had relatively few scandalous legal problems with anyone connected to the football program for the last decade. Compare to squeeky clean TCU and Ohio State, to get some perspective.

Isn't the ....

football program under Peterson on NCAA probation? Guess that doesn't matter to the stiffs on the state board - these idiots will rubber stamp anything related to Cupcake State football.

Pony - sounding more and more like.....

Craig James every day - and earning as much respect.

Exactly...

...Pony's Viagra must not be working tonight.

It will take more than is available on the market to..

help you out in the sack bro. Peterson broke the rules, the ncaa put them on 2 years probation, cancelled shollies and reduced practice days. What does krusta do? Rewards him with a new contract worth millions! Couldn't he have held off until next year when they are off probation? Really appreciate the statesman staff, from sportswriters, editorial writers (kevin richert) to management for keeping this under wraps until the state board approved the contract. This is just disgusting. bsu then asks for a 6% raise in tuition. krusta is a real class act.

Peterson broke the rules

It is very obvious that you do not even know what rules were broken and who made the mistakes. Maybe you should do a little research before you make yourself look like a complete idiot. Of course BSU haters do not care what the facts are as long as they can make idiotic posts about BSU sports.

Hey Korp...

peterson and his cohorts sent 17 and 18 year old recruits (they were not on shollies) to live with 21-23 year old adults with no supervision the summer before they enrolled at bsu. You ok with that? The NCAA wasn't. Even bsu admitted they cheated the rules associated with these football recuiting rules!

Actually Dome

the NCAA is, in fact, OK with that. They just want the 17 and 18 year olds to pay for the floor they sleep on.

It might help if you knew just a little about what you try to post.

domer the gomer

You ok with a coach allowing a kid to go up in a lift in 50 mph winds to film practice? You want to compare which coach's decision had greater consequences? How much does Brian Kelly make anyway?

You can ANCHOR them, padre.

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"foreignoregonian" is not anonymous

It is my identity and my philosophy

Would you prefer everyone to be called 'Poster'?

"keeping this under wraps"

Do you live in a cave?

Absolutely silly post.....

Under wraps because...

during the whole conversation concerning peterson's salary package, to be presened to the state board this week, not one word was mentioned about bsu being on ncaa probation. Not one word how this didn't pass the smell test. They kept that FACT "under wraps".

No word because....

they are unrelated events? What does a coach's salary have to do with the insignificance of letting kids sleep on couches or eat at Taco Bell?

Wow...you come across as clueless on the sports blogs as

on the political ones. Education; it's good for more than a piece of paper to hang on the wall.

"No his mind is not for rent, to any god or government." Neil Peart

Pony n Viagra don't seem to go well together - you think?

Could you imagine a stud/stallion that would want to be called Pony? However, a man should always know his limitations - How is that pony? See size does matter!

pay no attention to puny pony & dumb and domer

they are irrelevant haters with nothing positive to offer.

GOOD!

Move on to crap that really matters now.

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"foreignoregonian" is not anonymous

It is my identity and my philosophy

Would you prefer everyone to be called 'Poster'?