Louisville coach Rick Pitino signed a three-year contract extension Thursday that will keep him with the Cardinals through 2013.

The new deal increases Pitino's annual salary from $1.65 million to $2.25 million a year beginning next season and will pay Pitino $2.5 million a year if he stays until the end of the contract. The contract also boosted a loyalty bonus due Pitino on July 1 from $1 million to $1.75 million.