NC State offensive coordinator Matt Canada has agreed to a three-year extension with the Wolfpack, according to a report from The Wolfpacker. Rumors in recent days have suggested that Canada was a possible candidate to fill Tennessee's vacant OC position.
Prior to this extension, Canada was making $500,000 per season, which made him one of the 10 highest-paid assistant coaches in the ACC, and third among ACC offensive coordinators. No doubt his extension is coming with a raise, and that combined with a couple of high-profile departures (Tom O'Brien to retirement, Chad Morris to SMU as head coach) probably has Canada moving up the list.
As long as NC State's offense builds on the success it had at the end of 2014, I don't think anybody will mind that Canada became a bit more expensive.
Keeping Canada in the fold is big for NC State for two reasons, the most obvious of those being continuity: Canada and Dave Doeren obviously have a shared vision for what State's offense should be, and keeping those two together helps avoid any potential setbacks in the near term.
The other reason is mostly symbolic: NCSU showed commitment to the football program by stepping up and doing what was necessary to keep someone they value from possibly leaving for a more high-profile job.