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Report: Washington's Chris Petersen now Pac-12's highest paid coach

Washington coach Chris Petersen has a .885 career winning percentage. (Idaho Statesman via Getty Images)

Boise State's Chris Petersen is one of the favorites for the USC head coaching job. (Idaho Statesman via Getty Images)

New Washington head coach Chris Petersen will be the Pac-12 Conference's highest paid football coach, reports CBSSports.com's Bruce Feldman.

According to the report, Petersen will sign a five-year deal with the school and will be paid $3.6 million a season. That figure also places Petersen as the 11th highest paid coach in all of college football.

Petersen, 49, spent the past eight seasons at Boise State compiling a 92-12 record, winning two BCS Bowl games and five bowls overall. This season, the Broncos went 8-4, the first time in Petersen's career his team did not win 10 games in a season.

MANDEL: The time had come for Chris Petersen to leave Boise State