Kansas State coach Bill Snyder received a five-year contract that will keep him at the school through the end of the 2013 season.
Snyder will be paid $9.575 million over the course of the contract, which is retroactive to Feb. 1, 2009.
Snyder, who will turn 70 on Oct. 7, returned to coach the Wildcats last season after retiring in November 2005. He had said many times since his return that he came back to coaching to "smooth the waters" after the tumultuous tenure of Ron Prince.
But the announcement made after the K-State Athletics Inc. board of directors approved the contract on Friday revealed that he will apparently be in place for much longer than most expected.
"We are excited to have coach Snyder back on the sidelines and leading our football program," Kansas State president Kirk Schulz said. "No other coach in America has served his institution with greater dedication and loyalty, and we are confident about the future of K-State football."
Snyder will be paid a base salary plus supplemental licensing payments totaling $1.85 million in the 2009-10 contract year, $1.875 million in 2010-11, $1.925 million in 2011-12, $1.95 million in 2012-13 and $1.975 million in 2013-14.
The contract also has performance incentives that could add up to $455,000 annually, including $75,000 for winning the Big 12 championship and $250,000 for a BCS championship.
"The reason we came to Kansas State was because of the people, we have stayed here all of these years because of the people and our reason for returning was because of the people," Snyder said. "I am so very appreciative of the commitment and leadership of President Schulz and [KSU athletic director] John Currie and the vision they share with me for the direction of our football program."
Snyder helped orchestrate one of the most stunning turnarounds in college football history during his original tenure at Kansas State. After he was hired in 1988, he directed the Wildcats to eight consecutive seasons of nine or more wins from 1993 through 2000. The Wildcats made 11 straight bowl trips, finished in the top 10 six times and claimed the 2003 Big 12 title.
After his employment as coach, Snyder will continue to be paid $150,000 annually as special assistant to Kansas State's athletic director.
The Wildcats started the season last week with a 21-17 victory over Massachusetts, boosting Snyder's career record to 137-68-1.
Tim Griffin covers college football for ESPN.com. You can contact him at firstname.lastname@example.org.