Dave Doeren and NC State have agreed to a two-year contract extension that was announced by the school on Friday. The deal extends Doeren's contract through the 2019 season and increases his annual guaranteed compensation from $1.8 million to $2.2 million.
In addition to the raise in guaranteed cash, there are also a number of incentives that can be triggered by various academic and competitive benchmarks. For example, an eight-win season is worth $50,000, a nine-win season is worth $100,000 and so on. There are also bonuses for postseason and ACC title game appearances. Pack Pride has a breakdown.
Doeren's statement from the release:
"My family and I are grateful for the opportunity to be a part of NC State, and for the tremendous support we've received from Chancellor (Randy) Woodson, Athletic Director Debbie Yow and the entire Wolfpack Nation," said Doeren. "From an outstanding coaching staff to visible progress in adding and maintaining the best facilities, we have so much momentum right now and I'm excited for the future of NC State football."
If you're curious about the buyout, it's calculated by multiplying base salary by years remaining on Doeren's contract. As Joe Giglio pointed out, that puts it at $4.2 million right now. Doeren will be expensive for the next several years for any potential poachers.
This extension is important for a couple of reasons, the biggest one being that it's a big sign of support from the administration. Doeren and his staff are riding a lot of momentum right now between the finish to the season and their recruiting success, and this was the right time to reward that effort.
Additionally, there is always a recruiting aspect to these things--it's less an issue for a guy coming off his second season, and a successful one at that, but still. Doeren can remind recruits that he's got a contract to be in Raleigh for a long time, and that never hurts.