Okla. Univ. Doubles Coach's Salary
Tuesday, October 31st 2000, 12:00 am
By: News On 6
TULSA, Okla. (AP) _ Oklahoma coach Bob Stoops got a giant pay raise Tuesday, three days after his Sooners knocked off Nebraska to move into the top spot in the college football polls for the first time since 1987.
The university's regents, meeting in Tulsa, gave Stoops a five-year contract with a guaranteed $1.4 million salary, up from $675,000. University President David Boren said the salary puts Stoops in the top five nationally among college coaches.
Boren said it was important to reward Stoops' success and ensure that he stays at Oklahoma. Stoops is in his second year with the Sooners.
``He is the right person for our university,'' Boren said.
At his weekly news conference in Norman, Stoops said the administration has shown its commitment to making the Oklahoma job one of the best in the nation.
``I've said it a bunch of times, I believe it's a privilege to be the head football coach at Oklahoma because of what we have here and the great tradition and history, and I'm confident in the leadership here,'' Stoops said.
The contract, which expires Dec. 31, 2005, includes a $200,000 base state salary and a guarantee of $1.2 million in other revenue, up from $475,000. The base salary did not change.
The regents also increased potential performance-based bonuses from $250,000 to more than $300,000