Indiana rewarded football coach Curt Cignetti for his miraculous turnaround by giving him a new contract that nearly doubles his salary.

The Hoosiers announced a new eight-year deal for Cignetti at an average value of $8 million, plus a $1 million annual retention bonus. It runs until the end of the 2032 regular season.

Cignetti’s original contract paid him a base salary of $4.25 million this year. According to USA Today’s coaching salary database, this move will jump from near the bottom in Big Ten coaching compensation to the top five.

After going 52-9 in five years at James Madison, Cignetti has led Indiana to one of the best seasons in school history. The undefeated Hoosiers are in fifth place and have already set a program record with 10 wins. According to The AthleticsAccording to the forecast model, Indiana has a 92 percent chance of making the College Football Playoff.

“Since arriving on campus, Coach Cignetti has been the architect of one of the greatest changes in college football and has shown the world that IU is a football school, too,” school President Pamela Whitten said in a news release. “Coach Cignetti exemplifies IU’s goal to win in everything we do. The success he has brought to Indiana football shines a light on all that is great about Indiana University. We are thrilled that Coach Cignetti and his wonderful family will be a part of the Hoosier Nation for many years to come.”

Indiana is off this week for next Saturday’s showdown at No. 2 Ohio State and the regular-season finale against rival Purdue.

“I am beyond grateful for the tremendous commitment, trust and support of President Pam Whitten and Athletic Director Scott Dolson,” Cignetti said in the release. “I look forward to leading this outstanding program and doing my part to continue the momentum for Hoosier football.”

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(Photo: Justin Casterline/Getty Images)