(TSX / STATS) -- North Carolina coach Larry Fedora is under contract at the school through the 2022 season after his extension was formally approved by the UNC-Chapel Hill Board of Trustees on Thursday.
Fedora's income will rise to slightly over $3 million for the final three years of the contract. His compensation package will be slightly below $2.3 million in 2017.
"We are pleased that the Board of Trustees has approved the terms of Coach Fedora's contract, which will allow him to continue our football program's success into the next decade," North Carolina athletic director Bubba Cunningham said in a statement. "Under his leadership, our student-athletes are succeeding in the classroom, contributing positively to our community -- and competing for championships.