In the wake of receiving a four-year postseason ban on Monday as part of NCAA sanctions, Penn State has extended head coach Bill O'Brien's contract for four years through the 2020 season, according to the Centre Daily Times.
Because of penalties levied by the NCAA, there is an "addendum" in his contract which automatically adds four years to the pre-existing five-year deal. Per the Daily Times, which obtained documents with information about O'Brien's contract on Wednesday.
The agreement, signed by O'Brien and interim athletics director David Joyner, reads: "Any sanction by the NCAA of a) loss of scholarships or b) bowl eligibility due to the actions of the previous staff or lack of institutional control prior to 2012 will immediately result in an automatic extension of coach's contract at 2016 total compensation and bonus package in years equal to the number of years of the sanctions."
O'Brien's contract pays him roughly $2.3 million per season, which includes $1 million in revenue from TV and radio.