FAYETTEVILLE, Ark. -- KNWA-TV reports the University of Arkansas and head football coach Bobby Petrino agreed on a seven-year contract extension. The NBC affiliate in Rogers cites close sources to the negotiations.
Arkansas athletics director Jeff Long released a statement last week regarding Petrino's "employment agreement."
"Coach Petrino is focused on preparing for our upcoming bowl game, recruiting and building on the ongoing success of the program," said Long. "We are excited about the achievements and direction of Razorback Football and look forward to continued success in the years to come with Coach Petrino leading our program.”
Petrino's current $2.7 million contract ranks him tenth nationally among NCAA Division 1 football coaches. However, he ranks only fifth among the highest-paid Southeastern Conference coaches. Petrino has a 23-14 record in three seasons in Fayetteville. His current deal runs through the 2014 season.
Timing is everything for both sides and anxious Razorbacks fans. Arkansas earned its first BCS Bowl bid in this season after finishing 10-2. National media reports linked Petrino to the sudden head coaching vacancy at the University of Florida after Urban Meyer stepped down on Wednesday. Razorbacks coaches and players are hosting several high school recruits this weekend.