Updated

South Carolina's Steve Spurrier has received a one-year contract extension and a raise that will pay the coach $4 million annually.

The university board of trustees approved a $700,000 raise and the extension Thursday. The deal ties Spurrier to the school through 2018. If the 68-year-old coach decides to retire, the trustees voted for a contract clause that would make Spurrier a special assistant to university President Harris Pastides and athletic director Ray Tanner.

With the raise, Spurrier becomes one of the top 10 highest-paid college football coaches in the country.

Spurrier's nine assistant coaches also received raises that put their combined annual compensation at $3.3 million.

Spurrier led the Gamecocks to a third-straight 11-2 season. Before he arrived in 2004, South Carolina had only one 10-win season in history.