Board Of Ed OKs BSU Coach Salary

Boise State football coach Chris Petersen’s new five-year contract was approved unanimously by the State Board of Education on Thursday. There was no discussion.

Here are the details, as I reported Monday:

• Petersen’s new contract is worth $11,748,333 over five years — including a new $250,000 annual payment to purchase a license to use the coach’s likeness.
• The annual salary, which includes longevity incentives, deferred compensation and pension payments, will be $1,706,333 in 2012, $1,898,000 in 2013, $2,098,000 in 2014, $2,298,000 in 2015 and $2,498,000 in 2016. The salaries include longevity bonuses that are only paid if he is still employed on Feb. 15 of the following year. For the last three years of the contract, that amount is $200,000.

Brian Murphy’s full report here

Question: I tend to think BSU Coach Chris Petersen is worth every penny of his sorry — given the positive image his Bronco teams provide for the state (better than Spuddy Buddy). How about you?