Petersen is guaranteed $3.6 million this year, with an additional $1.175 million possible in contract bonuses.

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With No. 4 Washington off to its best start in 24 years, contract bonuses are already kicking in for third-year coach Chris Petersen.

In addition to Petersen’s $3.6 million guaranteed salary for 2016, his contract calls for $1,175,000 in potential bonuses — which, if met, puts him on track to be the highest-paid coach in the Pac-12 this season.

Already, Petersen has met one bonus incentive, of $75,000, for getting the Huskies bowl eligible this season.

Based on guaranteed salaries, Stanford coach David Shaw ranks No. 1 in the Pac-12 with $4,067,219 in guaranteed compensation, according to a USA Today database published Wednesday. Utah’s Kyle Whittingham ranked No. 2 with a salary of $3,650,000, just ahead of Petersen.

Michigan’s Jim Harbaugh is the nation’s highest-paid coach with a $9 million guaranteed salary this year. Alabama’s Nick Saban is second at just under $7 million.

Here are the bonus incentives detailed in Petersen’s contract (cumulative):

— Pac-12 championship game appearance: $50,000
— Pac-12 champion: $100,000
— College Football Playoff semifinal appearance: $400,000
— CFP championship game appearance: $450,000 or $500,000 for CFP championship
— Team Academic Progress Rate (APR) of 970 or greater: $125,000

Petersen earned $150,000 in bonuses in 2015, when the Huskies finished with a 7-6 record.

On Thanksgiving Day last year, UW announced it had signed Petersen to a two-year contract extension that will pay him a guaranteed $4 million in 2018, 2019 and 2020.

He has a $2.5 million buyout of his contract this year; that buyout drops to $1.5 million next year.

PAC-12 COACHING SALARIES
Guaranteed contract for 2016

David Shaw, Stanford, $4,067,219
Kyle Whittingham, Utah, $3,650,000
Chris Petersen, UW, $3,600,000
Jim Mora, UCLA, $3,450,000
Mark Helfrich, Oregon, $3,300,000
Todd Graham, ASU, $3,100,000
Mike Leach, WSU, $2,950,000
Sonny Dykes, Cal, $2,900,000
Rich Rodriguez, Arizona, $2,500,000
Gary Andersen, OSU, $2,550,000
Mike MacIntyre, Colorado, $2,011,050

Note: As a private institution, USC does not release coaches’ salaries.
Source: USA Today