Indiana has agreed to a contract extension with Curt Cignetti during the Hoosiers’ unprecedented 10-0 start, the school announced Saturday.

Cignetti’s new eight-year contract runs through the 2032 season and will pay him an average of $8 million per year with a $1 million annual retention bonus, bringing the total value of the new contract to $72 million.

“I am beyond grateful for the tremendous commitment, trust and support of President Pam Whitten and Athletic Director Scott Dolson,” Cignetti said in a statement. “Manette (his wife) and I love Bloomington and are grateful for the way the IU community has embraced us. I look forward to leading this outstanding program and doing my part to continue the momentum for Hoosier football to put.”

Cignetti originally received a six-year contract worth $27 million when he was hired in December. He took the Indiana job after leading James Madison to an 11-1 season in 2023 — when he earned $677,311 — with the goal of changing the Hoosiers’ historically woeful image in football.

He then led Indiana to the first 10-win season in school history and a possible bid to the College Football Playoff. No. 5 Indiana (10-0, 7-0 Big Ten) has one more win than its combined total from the previous three seasons. The No. 5 ranking is one spot shy of the team’s all-time highest, last reached in 1967, also the last time the Hoosiers won or shared a Big Ten title.

Indiana scored at least 40 points seven times, won by 14 or more points nine times and trailed only twice all season.

“We believed IU could be a winning program and we love what he is building here,” Dolson said in a statement. “We love the student-athletes he brings here. We love how our fan base has rallied around this team and made Memorial Stadium the place to be on Saturday afternoon. And now we’re excited that he’s going to do all those things. here in Bloomington, for a long time.”

A source told ESPN’s Adam Rittenberg that Indiana will also significantly increase the pool for Cignetti’s assistants and staff.

The Hoosiers have a bye this week before a crucial matchup with No. 2 Ohio State next Saturday that could determine Indiana’s playoff hopes and a potential spot in the Big Ten championship game.

This report used information from The Associated Press.