CHAPEL HILL, N.C. (AP) — Larry Fedora says he’s excited to help North Carolina’s football programme move forward.

Fedora was introduced as the Tar Heels’ coach Friday, a few hours after the terms of his seven-year contract were approved during a meeting of the school’s board of trustees.

With men’s basketball coach Roy Williams among the hundreds attending his introductory news conference, Fedora proclaimed it “the first day of a new era of UNC football.”

“You’d better buckle your seat belts and you better hold on,” Fedora said, “because it’s going to be a wild ride.” The former Southern Mississippi coach received a deal worth more than $1.7 million annually. It includes several bonuses, including for winning a division or conference championship, reaching a BCS game and high graduation rates.

Fedora, who said he planned to meet with his new team after the news conference, will receive annual retention bonuses ranging from $100,000 to $350,000 beginning in 2015, as well as a one-time payment of $400,000 in the first year and an annual expense allowance of $30,000.

“I think we got the absolute perfect fit for us at this time,” athletic director Bubba Cunningham told trustees at the meeting. The former offensive coordinator at Florida and Oklahoma State went 33-19 in four seasons at Southern Miss. Fedora led the 22nd-ranked Golden Eagles to the Conference USA championship and extended two impressive streaks — 10 straight bowl appearances and 18 consecutive winning seasons — in his final year in Hattiesburg, Miss.

The 49-year-old native of College Station, Texas, is perhaps best known for his aggressive coaching style and wide-open, no-huddle offenses. He became a hot commodity this offseason after he led Southern Miss to an 11-2 record and a dominating upset of then-No. 7 Houston in the C-USA championship game.