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Sunday, December 12, 2010

Bobby Petrino Signs Contract Extension to Stay at Arkansas

Bobby Petrino has been Arkansas' head football coach since 2008, and he appears to be staying put in Fayetteville for quite a while. Saturday, Petrino agreed to a seven-year contract extension, meaning he's under contract with the Razorbacks through the 2017 season. The deal will increase his average annual salary from $2.7 million to about $3.56 million. Petrino's previous contract still had four years remaining, but rampant speculation about the then-vacant Florida job caused Arkansas to move.

"This new long-term agreement is beneficial to our program now and will continue to strengthen our program over time," Arkansas athletic director Jeff Long said in a statement. "Coach Petrino has stabilized and elevated the success of our program."

The contract also includes several incentive clauses and a series of mutual buyout clauses -- should Petrino be fired or leave his position voluntarily.

"I am excited to express my commitment to the University of Arkansas," Petrino said in a statement. "Chancellor (Dave) Gearhart and Jeff Long have been tremendous in terms of their support and I appreciate the positive energy the fans have demonstrated. I look forward to continuing to dedicate myself to leading the Razorback football program."

Petrino has gone 23-14 in his three seasons at Arkansas, including 11-13 in the SEC. The progress has been steady, with Arkansas going 5-7, then 8-5 and now sporting a 10-2 record entering the Sugar Bowl. The trip to New Orleans for the Sugar Bowl marks the first time Arkansas has been to a BCS bowl game since the inception of the BCS.

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