Tom Allen is being rewarded for his accomplishments at Indiana.

On Monday morning, the school’s athletic department announced that it has agreed to a contract amendment for Allen, who just completed his fourth season with the Hoosiers. The restructured deal will increase the head coach’s compensation to an annual average of $4.9 million through the 2027 college football season.

“Tom has proven himself to be not only the right person for our student-athletes and our program, but one of the best football coaches in the country,” said IU athletic director Scott Dolson. “The enthusiasm and outlook for our program is at an all-time high, and the future of Indiana Football is in great hands. I look forward to Tom leading our program for many years to come.

“I thank President McRobbie and the Board of Trustees for their support throughout this process, and I thank Tom for his commitment to building something very special in Bloomington. I could not be more excited about the future of Indiana Football.”

Indiana has enjoyed tremendous success over the past two seasons. The Hoosiers finished the 2019 campaign with an 8-5 record and an appearance in the Gator Bowl. Last year, IU went 6-2 and earned a spot in the Outback Bowl.

Decades-long losing streaks to Michigan and Wisconsin were also ended during the 2020 season under Allen’s leadership.

“I would like to thank Scott Dolson, President McRobbie and the Board of Trustees for their support and investment into our football program and our staff,” Allen said. “I’m excited about what we are building here and how we are building it. Having said that, we have unfinished business that we will continue to chase after every single day. LEO!”

Allen is 24-22 in four seasons at Indiana. The Hoosiers have posted winning records in back-to-back seasons after a pair of 5-7 finishes in 2016 and 2017.

IU will open the 2021 season against Iowa.