Kansas State coach Ron Prince has agreed to a five-year contract through the 2012 season, the school announced Thursday.
Prince's base salary will be $143,000 with a total guaranteed package of $1.1 million, which includes compensation from endorsements and personal appearances, the university said Thursday. Prince could also earn up to an additional $950,000 per year in performance-based incentives.
Prince has a 12-13 record over his first two two seasons at K-State, including a 5-7 record last season.
"We are pleased with the direction of our football program under the leadership of Ron," Kansas State athletics director Bob Krause said. "He has a plan in place and is right on course with that plan."
The Wildcats lost in the Texas Bowl to Rutgers in his first season and stumbled down the stretch in 2007, losing their last four games after starting the season 5-3.
Kansas State opens its season Aug. 30 against North Texas.
"I am very appreciative of the commitment that the university has shown to our organization," Prince said in a statement. "The administration has proven its long-term commitment to us as a program as evident in the current facility expansion and other projects that are essential for sustained success.
"We feel that we are on schedule with our plan of building a fast, tough, strong and disciplined program and are looking forward to this season and many seasons to come."
ESPN's Joe Schad and ESPN.com's Tim Griffin contributed to this report.