The agreement, if approved by the state’s education board next month, will run through Jan. 31, 2017. After this year, Petersen’s pay will rise by $200,000 annually. Petersen’s old contract called for him to be paid $1.65 million this year.
At .924 with a 73-6 record at Boise State, the 47-year-old Petersen has the best winning percentage among active coaches in the Football Bowl Subdivision. The Broncos went undefeated under Petersen in 2006 and 2009 and beat Arizona State 56-24 in the Maaco Bowl Dec. 22 after finishing No. 7 in the final BCS poll.
Petersen joined Boise State as offensive coordinator in 2001 and became head coach in December 2006.
Petersen, who was also quarterbacks coach for the Broncos before his promotion, was also an assistant at Oregon, Portland State and Pittsburgh since 1992.
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