(CBS News) Clemson announced on Friday it has agreed to a 10-year, $93 million contract extension with coach Dabo Swinney that will keep him with the Tigers through the 2028 season.

The new deal will pay him $8.25 million in 2019, and increase incrementally up to $10 million in 2027 and 2028.

It is the richest coaching contract in college football history.

“I am grateful and humbled by the incredible commitment Clemson has made to me, my family and our football program,” Swinney said.

“For more than a decade, we have given our all to provide this world-class university and our incredible fans the championship football program they deserve – to live up to “Best is the Standard.” With this contract, we make a collective statement that we intend to continue pursuing championships and developing total student-athletes for years to come. Our sustained continuity in vision, people and culture has been a key ingredient to our success, on- and off-the field. I am thankful for the leadership we have at Clemson and appreciate all they do for Clemson football. I am truly blessed to be your head football coach.”