Louisville football coach Bobby Petrino received a new seven-year deal to remain with the Cardinals through 2023, the university announced Thursday.
The contract is worth $30.625 million and averages $4.375 million per season, beginning July 1, 2017.
"You (now) can talk to the parents and the player and say, 'I'll be your coach throughout your entire career," Petrino said Thursday at a news conference. "That means a lot. I feel good about the way we're building our program, but we know it's very competitive out there."
The contract makes Petrino the ACC's third-highest-paid coach behind Florida State's Jimbo Fisher and Clemson's Dabo Swinney, who agreed to a new six-year deal Tuesday. Miami's Mark Richt makes about $4 million a year.
"There's a very, very small handful of great coaches in this country," athletic director Tom Jurich said. "Obviously, we have one of them. I'm going to do everything in my power to make sure he stays with us and finishes his career with us and enjoys his time here."
Petrino is 17-9 in two seasons, including consecutive bowl bids, since returning to Louisville in 2014 on a six-year deal worth $3 million a year. He also had a 41-9 record while coaching the Cardinals from 2003 to 2006. He has guided the Cardinals to a bowl game in all six seasons at the university, including a win in the Music City Bowl last season.
"I do like where we're at right now," Petrino said. "I really think as a program we're making strides in the right direction."
Overall, Petrino has an 11-year college coaching record of 100-39 with his other stops at Arkansas (2008-11) and Western Kentucky (2013).