The deal will put him in the top third of Big 12 coaches in average annual pay, the source said.
The new contract will go into effect after this season, according to an Associated Press source who spoke on condition of anonymity because the private university does not release contract details.
When Briles arrived at Baylor in November 2007, the Bears had just finished their 12th
consecutive losing season since the inception of the Big 12 under four coaches in that span.
Source: ESPN.com news services