Jonathan Smith has turned the Oregon State Beavers into a program that many consider to be on the rise.

Now he’s being rewarded with a new contract — one that will pay him a total of $30.6 million over the next 6 years, keeping him in Corvallis through the end of February in 2029.

The contract goes into effect on March 1, 2023, and will pay Smith $4.85 million during the 2023 season with $100,000 raises each year.

In a release from the school, Oregon State AD Scott Barnes praised the work Smith has done with the Beavers thus far:

“Coach Smith has taken the Oregon State football program to new heights, and we knew it was important to reward him and his staff to keep the momentum moving forward,” Barnes said. “The success they’ve achieved on the football field has been evident, and Coach’s Smith leadership and the work of his staff also has changed the culture of the program in the classroom, the weight room and the community.”

Smith thanked Oregon State’s administration for working hard to support his vision with the football program:

“I want to thank Scott Barnes and the Oregon State administration for continuing to support this football program and everyone who works tirelessly for our student-athletes and all of Beaver Nation,” Smith said. “We are proud of what has been accomplished, but the work is not done and we’ll continue to put in the effort and do it the right way.”

Oregon State’s 9 victories entering the Las Vegas Bowl against Florida are its most since 2012. Smith has compiled an overall record of 25-31 during his 5 seasons with the Beavers so far.