Mike Riley Receives Contract Extension - Oregon State University Athletics

Corvallis – On the heels of one of the most successful football seasons in the history of the Oregon State University program, head coach has agreed to a contract extension, Director of Athletics Bob De Carolis announced Wednesday.

The newly structured extension will have Riley under contract through 2012 with rollover provisions.

The 53-year-old Riley will make a guaranteed base salary of $850,000 in the first year of the contract, rising incrementally to $1.1 million in the final year. The contract also has several bonus related contingencies (including number of wins, bowl games and academic success rate) that could raise Riley’s total compensation in the first year to an estimated $1.245 million.

Riley’s contract also stipulates that a year will be added for every season the team participates in a bowl game. A bowl game appearance will also trigger bonuses for Riley’s assistant coaches.

“We are thrilled to have Coach Riley under contract for the foreseeable future,” De Carolis said. “The program has made tremendous strides on and off the field, and having stability at the top is a proven plan for future success. Coach Riley is a well-respected person and is a great ambassador for Oregon State University.”

Riley will enter his seventh year as the head coach at Oregon State this fall. He has led the program to a record of 38-34, including 30-20 over the last four seasons. The Beavers have won all three bowl games they have participated in under Riley, including last season’s dramatic 39-38 victory over Missouri in the Sun Bowl. The three-game bowl win streak is the longest active mark in the Pac-10 Conference.

“We’ve done some very good things at Oregon State over the last few years and this is another sign of the commitment this university has to not only the football program, but the entire Athletics Department,” Riley said. “I want to stress that this contract is as much about rewarding our talented group of assistant coaches as it is me. We are all very grateful to Oregon State University.”

Season tickets for the 2007 season are now available at osubeavers.com, by calling 1-800-Go-Beavs or by visiting the Gill Coliseum ticket office between 8:30 a.m. and 4:30 p.m. The six-game slate includes contests with Utah, UCLA, Washington, Arizona, Stanford and Idaho State.

Fans are reminded to access Friday at Noon for the unveiling of the 2007 Nike-designed football uniforms. BNO also has post-scrimmage comments today from Riley.

Saturday’s Spring Game will air live from 1-3 p.m. on Portland’s new flagship home for Beaver Athletics, (860 AM). The broadcast crew of Todd Mansfield, Steve Preece, Jim Wilson, Cathy Marshall, Jon Warren and Ron Callan will have all the action. Preece and Marshall will be on the sidelines interviewing Riley and players during the game. You can also listen to the game live at KPAM.com. Lead play-by-play announcer Mike Parker will be on the road broadcasting the No. 9 baseball team’s game at Stanford, which can be heard on BNO, KEJO-AM (1240) in the Corvallis area, KUIK-AM (1360) in the Portland area, KKNX-AM (840) in the Eugene area and KICE-AM (940) in the Bend area