There are 3 options to increase when you meet with the Board --- Facilities, Budget, and Time.

the first 2 are obvious. But what does the increase in Time do? It isn't specified.

Adds years to the head coach's contract.

thank you!

The label is a little ubiquitous. I figured that "Time" meant asking for an extension, but only to be used in an emergency. You know, after you've suffered through three monumentally disastrous seasons and the AD calls you to his office. If you hit "Time" before he/she fires you, you get one more year to embarrass yourself. ;-)

Maybe Contract or Extension might be a clearer term.

I think you mean 'ambiguous'.