ULL athletics director Scott Farmer, who announced the deal on Friday, says Hudspeth will earn a base salary of $950,000, plus incentives.
Hudspeth has coached the Cajuns to three straight 9-4 seasons, all ending with bowl victories. Hudspeth has also won a Sun Belt Conference title with the Ragin Cajuns.
Farmer says the new contract ''is a show of faith between the university and coach Hudspeth in that both sides agree the football program is headed in the right direction.''
Hudspeth says the deal is ''good for both sides'' because the stability it brings will help with recruiting. Hudspeth adds that the deal also shows ULL is ''ready to take the next step in becoming a major program.''