Okla. Stoops' Gets Contract Deal
Sep. 14, 2000
NORMAN, Okla. (AP) _ Oklahoma football coach Bob Stoops received a contract extension through the 2005 season Wednesday that could raise his annual pay to between $900,000 and $1 million.
``We wanted to demonstrate the tremendous confidence we have in Bob Stoops,'' athletic director Joe Castiglione said after the Board of Regents approved the contract.
The compensation package includes deferred benefits of $150,000 contingent upon Stoops remaining head coach through 2004. It also includes outside compensation from non-state appropriated funds of about $80,000 to an estimated $530,000 a year.
Performance incentives, including a national title bonus, were increased by about $70,000 to a maximum $200,000 a year.
Stoops joined the Sooners in December 1998 after serving as Florida's defensive coordinator. He inherited a program that had not had a winning season since 1993 and was 12-22 in the previous three seasons. Oklahoma is 2-0 and ranked No. 18 after a 7-5 season in 1999 that saw the Sooners go to the Independence Bowl.