MIAMI (AP) — FIU has signed coach Mario Cristobal to a one-year extension, now putting him under contract through June 2017.
The school announced the deal Friday, with paperwork showing it was agreed to as of July 1. Cristobal signed a five-year contract last summer. His base salary remains at $453,183 per season, and he could make more than $100,000 annually in performance bonuses.
Some of the possible bonuses include $20,000 for reaching a bowl game, $20,000 for winning an outright conference championship, $15,000 if the team posts an APR score of at least 940 and another $15,000 if the team GPA is 2.5 or better.
FIU added $100,000 to the annual football operating budget as well, $50,000 of which is a retention bonus for Cristobal. The other $50,000 will go toward salaries and benefits for assistant coaches.
FIU has been to bowl games in each of the past two seasons, and is widely picked as the favorite to win the Sun Belt Conference title this season. The Panthers went 8-5 in 2011.