North Carolina announced a contract extension for coach Larry Fedora that will keep him in Chapel Hill through the 2022 season.

"I enjoy coaching at the University of North Carolina and I appreciate the trust Chancellor Folt and Bubba Cunningham have shown in the leadership of our program," Fedora said. "Our staff and players have worked diligently over the last five years to build a program that encompasses all aspects of the student-athlete experience, while simultaneously achieving success on the field."

Without possible bonuses, the extension gives Fedora essentially a seven-year deal worth $18.965 million, or $2.709 million per year.

With bonuses, it could be worth quite a bit more, as Fedora would earn a $100,000 bonus for every division or conference title through the life of the deal, as well as a $200,000 bonus for any College Football Playoff berth, title game appearance or national championship.

Fedora has been at North Carolina for five seasons, going 40-25 and 26-14 in the ACC. He led the Tar Heels to a Coastal Division championship in 2015, and nearly pulled off the upset over Clemson in the ACC Championship.