Alvarez looking to hire coach before Christmas (AUDIO)

University of Wisconsin athletic director Barry Alvarez says he hopes to extend an offer to a head-coaching candidate in the next couple of weeks.

During his monthly radio show on the Badger Sports Network, Alvarez said, “If things break right I’d like to have someone offered the job, that I feel comfortable with, before Christmas.

AUDIO: Alvarez on his timetable for finding a new head coach :18

AUDIO: Alvarez says he won’t rush into the decision :15

Earlier in the day on Tuesday, UW officials announced Alvarez will receive additional compensation of $118,500 for coaching UW in the Rose Bowl.    The funds will come from the $1-million contract buyout of Bielema.  The buyout is being picked up by the University of Arkansas.

Alvarez would also be eligible for a $50,000 bonus if the Badgers win the Rose Bowl.