Dec 13, 2013 05:00 PM EST By Russell Westerholm, UniversityHerald Reporter

Kevin Sumlin's six-year contract extension has officially been finalized with Texas A&M, following the approval of the school's board of regents.

According to ESPN, Sumlin will be paid an average annual salary of $5 million, with the total value of his six-year agreement being $30 million. Sumlin's annual salary was $3.1 million before the extension.

An unnamed source said Sumlin's contract has a $5 million buyout if the coach wants to terminate the agreement, but the fee is eliminated after the 2016 season. In the event of Sumlin wanting to end the contract before its completion at the end of 2019 without cause, the buyout fee would apply no matter what.

"This is a very sincere, longtime commitment to an individual who has done a marvelous job, in all aspects of the job," athletic director Eric Hyman said last month, after A&M initially announced the agreement. "From our student-athletes, from a competitive standpoint, from the community to the Aggie family, everybody is extremely excited to have him leading the programs."

Sumlin is 19-6 in the last two seasons, which have also been the team's first two in the SEC, as well as Johnny Manziel's freshman and sophomore seasons. Sumlin's next task, now that his extension is finalized, will be to talk to his quarterback, who may be leaning toward declaring for the NFL draft.

Sumlin and Manziel have both said they are likely going to meet and discuss the quarterback's future sometime most likely before the team's Chick-fil-A Bowl matchup against Duke. Manziel said publicly he believes he is ready for the NFL, but would need to consult Sumlin, other coaches and mentors, as well as his family before making an official decision.

The extension also takes Sumlin's name out of the running for several NFL head coaching positions already open and those expected to open soon.

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