BATON ROUGE - Kim Mulkey, the LSU women's basketball coach who led the team to a national championship title this past season, will sign the most expensive coaching contract in the history of the sport. 

The LSU Board of Supervisors formally approved the contract Friday.

According to records, the contract will pay Mulkey an average of $3.15 million annually over the course of 10 years. Her previous contract would have paid her $2.5 million a year until 2029; under the new contract, she will make $2.75 million a year, which will escalate to $3.65 million by the final year, 2033.

Mulkey's new contract will be the most expensive contract signed in the history of women's basketball, making her the highest-paid women's basketball coach in the nation. 

Her contract does not include any bonuses she and the team would earn for any titles they claim in the upcoming season. 

She will be the second-highest-paid coach at LSU, trailing behind Brian Kelly and his 10-year, $100 million contract.