Missouri reportedly agrees to $3 million per year contract extension for coach Gary Pinkel

Missouri coach Gary Pinkel reportedly has reached an agreement on a contract extension after a 12-win season.

PowerMizzou.com reported Monday

that Pinkel has reached a deal in principle that pay will him roughly $3 million annually.

Athletic department spokesman Chad Moller could not confirm the report and said he had “no idea” whether a contract announcement would be forthcoming this week, but he said all contracts must be approved by the university’s Board of Curators.

The board announced Monday that it would have an executive session Wednesday morning to discuss, among other things, “negotiated contracts and personnel matters.”

Pinkel made $2.8 million in 2013 under the terms of a contract extension signed in April 2011. That contract ran through the 2017 season, but it is unclear how long the new extension would run.

Last season, Pinkel also received $350,000 in incentive-based pay for attendance goals and team performance.

He is 102-63 in 13 seasons at Missouri, the most wins of any coach in Missouri history.

Athletic director Mike Alden said Pinkel and his staff were in line for raises after an SEC East championship and an appearance in the conference title game.

However, Pinkel expressed frustration with the pace of negotiations in January.

According to the USA Today college football coaches’ salaries database, Pinkel was the 20th-highest paid coach in the country last season.

However, Pinkel’s salary ranked only eighth in the SEC ahead of Florida’s Will Muschamp, Mississippi State’s Dan Mullen, Auburn’s Gus Malzahn and Mississippi’s Hugh Freeze.

MU announced Monday that Tim Stedman had been hired as an associate athletic director and will be in charge of the department’s fund-raising as head of the Tiger Scholarship Fund.

Stedman, 49, had been Michigan State’s associate athletic director for development since 2005.

This story was originally published March 3, 2014 at 8:07 PM with the headline "Missouri reportedly agrees to $3 million per year contract extension for coach Gary Pinkel."