Bob Stoops is scheduled to receive a one-time $3 million benefit on Dec. 31 for coaching Oklahoma for 10 seasons, according to his contract obtained by the Oklahoman through the Oklahoma Open Records Act.
The $3 million, combined with the 47-year-old coach's guaranteed salary of $2.77 million and additional income he could gain from performance bonuses means that Stoops is likely to earn more than $6 million in 2008.
"Bob Stoops is worth every penny and always has been and always will be," athletic director Joe Castiglione said.
Oklahoma generated $26.1 million in athletic revenues the year before Stoops arrived in Norman. In 2006-07 — Stoops' eighth season at the school — the athletic department generated $66.3 million in revenues, with football directly accounting for $28.5 million. That doesn't include another $18 million in contribution, advertising and licensing dollars that football likely had a big hand in landing.
Thanks to Geoff Rodgers.