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George O'Leary gets four-year extension from UCF

George O'Leary first came to UCF in 2004 (Getty Images/Christian Petersen)

George O'Leary celebrates after leading Central Florida to a Fiesta Bowl last season. (Getty Images/Christian Petersen)

University of Central Florida head football coach George O'Leary received a four-year contract extension on Monday to remain with the program, according to Jeremy Fowler of CBS Sports.

Though the school has yet to confirm terms of the deal, Fowler reported that the deal is expected to pay the 67-year-old an average of more than $2 million per year, including any incentives built into the package. He had made $1.5 million this past season. The school and O'Leary each confirmed to CBS Sports that a deal was in place, but did not comment on the particulars.

“It's more about how much commitment to the program (than the salaries)," O'Leary said. "They've been good to us. To me, it's about camaraderie. The salaries (nationally) are so out of whack now, it's ridiculous.”

The head coach led the Knights to a 12-win season and a big win over Baylor in the Fiesta Bowl this past year. The team will look to repeat its success next year without quarterback Blake Bortles, who was selected No. 3 overall by the Jacksonville Jaguars in last week's NFL Draft.

SI WIRE: ACC to require game against power conference team beginning in 2017