The N&O had the story earlier but UNC has officially confirmed Larry Fedora's contract extension of four years.
Via UNC press release:
The University of North Carolina and head football coach Larry Fedora have agreed in principle to a new seven-year contract, director of athletics Bubba Cunningham announced Saturday. The agreement runs through the end of the 2022 season and increases his compensation package.
"Coach Fedora has done an outstanding job of leading our football program and I am pleased that he has agreed to be our coach well into the next decade," Cunningham said. "He has helped to lift Carolina football into the national discussion and put our program in a position to compete for championships on a consistent basis while also allowing our student-athletes to succeed in the classroom and have a positive impact in the community."
Fedora came to Chapel Hill in 2012 and has compiled a 32-18 record over four seasons entering Saturday's ACC Championship Game. The Tar Heels have won 11 straight games in a season for the first time in school history and are one win away from their first ACC title since 1980.
Terms of the contract will require formal approval by the UNC Board of Trustees.
No details have been released yet but those will come out at some point in the near future.
Fedora took over in 2011 with UNC facing NCAA penalties. He led the Tar Heels to an 8-5 mark in his first season then hovered at .500 over the next two seasons. His fourth in Chapel Hill has been a breakthrough season with the Tar Heels going 11-1 in the regular season and a spot in tonight's ACC Championship game versus #1 Clemson.