PISCATAWAY -- One hour after the university's Board of Governors unanimously approved Chris Ash as its head football coach, Rutgers released the terms of Ash's five-year, $11 million guaranteed contract.

Per the terms of a Memorandum of Agreement (MOA) signed by Ash on Monday, the 30th head football coach in Rutgers history is signed through Feb. 28, 2021.

Ash, who turns 42 on Christmas Eve, will receive a guaranteed salary starting at $2 million for the 2016 season. His annual salary will increase by $100,000 at the beginning of each contract year starting on March 1, 2017.

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Ash's annual performance incentives include:

Keith Sargeant may be reached at ksargeant@njadvancemedia.com. Follow him on Twitter @KSargeantNJ. Find NJ.com Rutgers Football on Facebook.