The state Board of Education scheduled a special meeting Wednesday to consider the $375,000 increase to Petersen's base compensation.
Petersen now has a five-year contract that pays him $1.6 million in 2012, with a $100,000 raise each following year, through January 2016. According to the board, Boise State has negotiated a new five-year deal through January 2017.
The board is expected to vote Wednesday on whether to increase Petersen's base pay to $2 million during the 2012-2013 school year. Trustees are then expected to consider the full, five-year contract at a meeting in February.
Petersen is 73-6 in six seasons as head coach for the Broncos.
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