Central Florida signs O'Leary to 10-year extension

Updated: May 25, 2006, 12:15 PM ET

ORLANDO, Fla. -- George O'Leary has been rewarded for turning around a moribund football program.

Central Florida on Thursday signed O'Leary to a 10-year extension through the 2015 season.

O'Leary had signed a five-year contract when he took over the team in December 2003. The new deal has a beginning annual salary of $1 million with incentives up to $500,000 a year.

The 59-year-old went 0-11 at UCF in 2004. The Golden Knights dropped their first two contests last season to extend their losing streak to 17 games dating to 2003, but rebounded to win eight of their next nine games before losing the Conference USA title game to Tulsa and the Hawaii Bowl to Nevada.

"Coach O'Leary has led our football team to new levels of excellence on the field and in the classroom," UCF president John Hitt said. "This contract assures that he will complete his coaching career as a UCF Golden Knight. I could not be more pleased that it bears my signature."

The Golden Knights, who won Conference USA's East Division, were just the sixth team in NCAA history to go to a bowl a year after going winless.

"I am very happy to sign on at UCF for the future years, and hopefully we can continue to grow both on the football field and academically in the classroom," O'Leary said.