ISU athletic director Jamie Pollard said Friday that football coach Paul Rhoads has agreed to a new 10-year contract extension.

“To say that I’m appreciative and humbled is a huge understatement,” Rhoads said in a news release. “So many people have contributed to what has been achieved in our program the first three years. I want to thank President [Gregory] Geoffroy and Jamie Pollard, who personally met with me to begin contract talks after the Kansas game in early November. The support of everyone in Cyclone Nation has been fantastic. It’s great to be a Cyclone.”

Rhoads is 18-19 in his three seasons at Iowa State and has led the Cyclones to two bowl games, the Insight Bowl in 2009 and the Pinstripe Bowl coming up on Dec. 30.

“Today is a great day for Iowa State University,” Pollard said. “Paul Rhoads and Iowa State are a perfect match for one another and we could not be happier that he is going to be our football coach for the long term.”

The news of the new contract comes just days after Rhoads had been rumored as a candidate at Pittsburgh after Todd Graham left the school to take the job at Arizona State. Rhoads was the defensive coordinator at Pittsburgh from 2000-2007.

The total value of the contract is $20 million. Details of the contract including yearly bonuses and incentives will be released at a later date.