Stoops starts 2005 with $100,000 raise
Saturday, January 1st 2005, 3:43 pm
By: News On 6
MIAMI (AP) _ Oklahoma coach Bob Stoops starts the New Year with a $100,000 pay raise, pushing his guaranteed 2005 income to $2.4 million _ not including several hefty incentive bonuses.
As part of his contract, which runs through the 2010 season, Stoops receives the automatic $100,000 raise every Jan. 1. The clause was inserted into the contract two years ago.
OU athletic director Joe Castiglione said it was part of the Sooners' ``proactive'' approach to keeping their head coach.
Stoops was guaranteed $2.3 million in 2004. The total 2004 income could increase to almost $2.66 million, depending in part on the outcome of Tuesday's Orange Bowl.
Stoops could earn an additional $357,000 in incentive bonuses for 2004.
He has already earned $157,500 ($100,000 for participating in the Bowl Championship Series title game and $57,500 for winning the Big 12 championship). He also is guaranteed another $50,000 for finishing in the Top 10 in the final BCS rankings.
And he will receive an additional $150,000 if OU beats Southern Cal to win the national championship.
Stoops declined to comment on the raise but said, ``I appreciate all the support I have from everybody. I love the job I have. I hope to be here a long time.''
Stoops has been at or near the top of college football's salary structure for the last several years, but other coaches have recently reached the $2 million benchmark.
Nick Saban, who last week accepted the Miami Dolphins' head coaching position, made $2.3 million in 2004 and would have made $2.4 million next season. This week, Texas' Mack Brown received a new contract worth $25 million over 10 years. Last week, Auburn's Tommy Tuberville agreed to a seven-year deal worth approximately $15 million.