Source: Pitt poised to give Wannstedt 3-year extension

It appears Pittsburgh is not ready to give up on head coach Dave Wannstedt.

Despite three straight losing seasons under his direction, the Panthers are poised to give Wannstedt a three-year extension that takes him through 2012, a person familiar with the deal told ESPN's Joe Schad on Friday.

The deal leaves Wannstedt with five years left on his contract and provides a slight raise over his current $1 million a year salary, a source told Schad.

Pitt is expected to make a formal announcement at Saturday's 100th Backyard Brawl at No. 2 West Virginia.

At his introduction as the Panthers new athletic director on Friday, Steve Pederson gave Wannstedt his vote of confidence.

"Absolutely, I'm a supporter of Dave Wannstedt, and I'm going to do everything I can for him to be successful," said Pederson, according to the Pittsburgh Tribune-Review. "He's our football coach and I want him to be our football coach.

"I'm not in a position to talk about [a contract extension] right now. But I think we will be in the very short term."

Wannstedt is 15-19 overall in three seasons with the Panthers. Pitt is 4-7 overall and 2-4 in the Big East this season.