The University of Pittsburgh has signed athletic director Steve Pederson to a five-year contract extension through 2018, chancellor Mark Nordenberg announced this morning.
Pederson is in his second stint as athletic director at Pitt after serving in the same capacity at the University of Nebraska.
Nordenberg hired Pederson in 2007 after Jeff Long left the Panthers to become the athletic director at Arkansas. His first stint began in 1996.
"With the University of Pittsburgh set to officially join the Atlantic Coast Conference on July 1, our athletic programs never have been better positioned for future success," Nordenberg said in a statement. "That is a real tribute to the hard work and effective leadership provided by Steve Pederson as Pitt's athletic director.
"Just two years ago, during a period of significant conference instability, Steve was a driving force in helping us to find the best possible conference home," Nordenberg's statement continued. "When we received an invitation to join the ACC, Pitt not only had the chance to move to an outstanding athletic conference but also became aligned with some of the nation's most prestigious academic institutions. The ACC is a perfect fit for the University of Pittsburgh, and our receipt of their invitation reflects well on both our overall institutional strength and on the tremendous progress made in Pitt athletics under Steve's guidance.
"As we begin this exciting new era of ACC competition, we all have high aspirations for each of our programs. The creativity, strength and stability of Steve's continued leadership will be an important asset as we pursue those lofty goals."
Pederson is expected to meet with reporters later this afternoon.
Ray Fittipaldo: firstname.lastname@example.org and on Twitter: @rayfitt1.