Manhattan, KS -- (Sports Network) - Kansas State announced Thursday that head football coach Ron Prince agreed to a new multi-year contract, keeping him with the school through the 2012 season.

The new five-year deal is retroactive to January 1 of this year and extends through 2012, and replaces the original contract Prince signed in December of 2005.

"We are pleased with the direction of our football program under the leadership of Ron," athletic director Bob Krause said. "He has a plan in place and is right on course with that plan and this new contract provides one additional year on top of the additional year he earned by leading the Wildcats to a bowl in his first season."

In his first two years on the job, Prince has compiled a 12-13 overall record and led Kansas State to wins over top 10 opponents in consecutive seasons, which also included the program's first-ever road win over a top 10 team last year at Texas.

"I am very appreciative of the commitment that the university has shown to our organization," Prince said. "The administration has proven its long-term commitment to us as a program as evident in the current facility expansion and other projects that are essential for sustained success. We feel that we are on schedule with our plan of building a fast, tough, strong and disciplined program and are looking forward to this season and many seasons to come."

Prince's base salary for 2008 will be $143,000 with a total guaranteed package of $1.1 million, which includes compensation from endorsements such as television, radio, internet, personal appearances and shoe and apparel. Prince could also earn up to an additional $950,000 per year in performance-based incentives.