The Wisconsin Board of Regents has approved the financials for Gary Andersen's new contract as head football coach, the school announced on Monday.

Andersen received a contract extension through the 2018 season earlier this year, but it was not until Monday that his compensation package had been approved. The Badgers coach will make $2.2 million for the 2014 season and receive a $100,000 increase each year of his deal.

"I first began to consider an adjustment to Coach Andersen's compensation package toward the end of the 2013 season," athletic director Barry Alvarez said in a school-released statement. "I felt then, and now, that he did an excellent job not only with the team's on-field performance, but also in developing a program that puts the student-athletes first in all aspects. He has quickly become someone that Badger fans have rallied around and identified with."

According to Alvarez, a raise was in the works before Andersen started receiving attention from the NFL.