Friday, June 24, 2005
Stoops gets $3 million bonus if he stays through '08
NORMAN, Okla. -- University of Oklahoma football coach Bob Stoops will receive a $3 million bonus if he remains the Sooners' coach through the 2008 season under an amendment to his contract that was approved by the OU Board of Regents.
Meeting in Ardmore Thursday, the regents also extended Stoops' contract by one year, through the 2011 season, and increased some of the incentive bonuses already in the contract.
"This is another step to us ensuring coach Stoops stays with us for a very long time," OU athletic director Joe Castiglione said.
Stoops earns $200,000 in base salary, but with outside income he is guaranteed $2.4 million in 2005. The contract provides for a $100,000 raise each year. Stoops also can make almost $500,000 more if he achieves every incentive bonus.
Castiglione's contract also was revamped to provide for the potential of $75,000 more each year; he makes $295,000 in base salary and $200,000 from outside income.
Eight assistant football coaches also received hefty raises, with a combination of increases to base salary and guaranteed outside income.
Defensive coordinator Brent Venables' total package increased by $20,000, to $255,000. Offensive coordinator Chuck Long's jumped from $200,000 to $220,000. Other raises included: co-defensive coordinator Bobby Jack Wright (from $155,000 to $195,000), co-offensive coordinator Kevin Wilson (from $180,000 to $200,000), defensive line coach Jackie Shipp (from $155,000 to $175,000), running backs coach Cale Gundy (from $150,000 to $170,000), tight ends coach Kevin Sumlin (from $150,000 to $170,000) and receivers coach Darrell Wyatt (from $150,000 to $170,000).
Incentive bonuses for the assistants also were increased, and a bonus for winning the BCS national championship was inserted into each contract.
Raises for coaches of other sports also were approved Thursday, including an increase for women's basketball coach Sherri Coale from $470,000 to $500,000.
Men's gymnastics coach Mark Williams, who guided his team to a national championship this year, received a $11,000 raise, to $78,000.
OU President David Boren stressed the raises and bonuses were funded mostly by private donors and ticket revenue.
"We are not talking about using public, taxpayers' funds," Boren said.
Stoops also will be given 35 hours of private airplane use, and the incentive bonuses already in his contract were increased. If OU wins the BCS national championship game, Stoops would receive a $250,000 bonus, an increase of $100,000 over the previous bonus.
"I appreciate any consideration the university shows me in the way of contract extension and incentives," Stoops said. "The administration has shown its gratitude for what we've done and its belief in what we still hope to do in the future.
"I feel very fortunate to coach at the University of Oklahoma.
Stoops is 67-12 in six seasons, with three Big 12 championships. The Sooners have played in three national championship games during Stoops' tenure, winning the first.