ARDMORE Okla.
Oklahoma athletic director Joe Castiglione and five of the Sooners’ head coaches including football coach Bob Stoops and basketball coaches Sherri Coale and Jeff Capel had raises approved Wednesday by the university’s Board of Regents.
Stoops, one of the nation’s highest-paid coaches, already receives annual raises of $100,000, a number that under a new agreement will increase to $150,000. Stoops will receive a pro-rated portion of the extra money this year about $25,000 raising his 2007 guaranteed annual income to $2.625 million.
Stoops also had his contract extended by two years to December 2013.
Stoops, who guided the Sooners to the Big 12 Conference title last season, is eligible to receive a “stay bonus” of $3 million following the 2008 season if he remains at Oklahoma. His contract also is laden with incentives, including $150,000 if Oklahoma wins the national title.
Castiglione, who has been mentioned as a possible candidate to replace outgoing Big 12 commissioner Kevin Weiberg, had his base salary increased by $30,000 to $325,000 and his potential bonus amount increased by $50,000 to $155,000.
Oklahoma also extended Castiglione’s contract by four years and gave him a new title vice president for intercollegiate athletics programs in a move that university president David Boren said “sends a strong message … that we desire and expect Joe Castiglione to lead our athletic department for many years.”
