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Pederson agrees to terms on contract extension

Updated: July 23, 2007, 4:59 PM ET
Associated Press

LINCOLN, Neb. -- Nebraska athletic director Steve Pederson, praised by some and derided by others for quickly remolding Cornhusker football after coming to town five years ago, has agreed to terms of a five-year contract extension.

The contract finalized last week will pay Pederson $500,000 annually beginning next year, and includes $50,000 for media appearances. That represents a 16 percent pay raise for Pederson, who currently makes $429,837, of which $35,000 is for media appearances, ...

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