Coach Jim Harbaugh has signed a contract extension to remain at Stanford through the 2014 season. Terms of the deal were not disclosed.

Harbaugh and the University initially negotiated an extension last winter that would pay him $1.25 million a year, but due to the economic climate, decided to hold off on finalizing it. It appeared, from quotes from Harbaugh, that a contract would be signed last month, but no release was made at the time.

Due to Harbaugh’s revitalization of the Cardinal football program, he has been a hot name for many collegiate vacancies. Indeed, the announcement, from Athletic Director Bob Bowlsby to the Associated Press, comes just a day after several news sources in Kansas reported that Harbaugh was leaving The Farm to take the head coaching job at the University of Kansas.

But the new contract, and a statement from Harbaugh, puts those rumors to bed.

“My resolve and future proudly remains as head coach of Stanford University,” he said Saturday.