BATON ROUGE, La. -- Les Miles, already one of the highest-paid coaches in college football, is getting a contract extension and raise that will increase his pay by $549,000 a year for two additional seasons, the university said in a news release.

Miles will earn $4.3 million a year and his contract will expire in 2019. His old contract paid him $3.751 million a year and was due to expire in 2017.

LSU announced the raise and extension in December, but not the specifics on pay. His contract must be approved by the LSU Board of Supervisors at a Feb. 1 meeting, the release said.

"Les Miles is one of the most successful coaches in America and he has the LSU program in position to compete for championships each and every year in the most dominant football conference in the country," LSU athletic director Joe Alleva said in a statement. "He recruits at an elite level, his players graduate and he is a respected member of the community. We are proud he will lead the LSU football program for the long-term future."

Miles is second in LSU history in wins with an 85-21 record, trailing only Charles McClendon. In eight years, he's led LSU to three SEC West titles, two SEC titles, two trips to the BCS national championship game and a BCS national championship.

LSU has won at least 10 games in three straight seasons. The Tigers came within a late touchdown drive by Alabama from playing in the SEC championship game for a second straight year.

Miles' compensation includes his base salary, pay from LSU's private athletic foundation, radio, TV, Internet and public speaking appearances, along with an LSU-controlled fund that Miles can collect only if he stays at LSU for at least five years (for $750,000), or seven years ($1.05 million).