ARDMORE — Oklahoma’s Bob Stoops joined an exclusive group Wednesday with a raise that makes him the second highest-paid coach in college football.
Stoops will be one of four coaches to hit the $5 million mark in annual salary after his raise was approved by the University of Oklahoma Board of Regents.
He’ll join Alabama’s Nick Saban, Texas’ Charlie Strong and Texas A&M’s Kevin Sumlin.
Stoops’ $5.25 million salary for the 2014 season will be behind only Saban’s $6.9 million.
Over the seven seasons remaining on Stoops’ contract, he will total $39.9 million for an average of $5.7 million per year.
Stoops wasn’t the only OU coach to receive a raise, with each of his assistants also picking up raises of at least $46,000.
The biggest raise among the assistants by far went to defensive coordinator Mike Stoops, whose salary increased by $200,000 to $850,000 for next season.
Bonuses for winning the College Football Playoff national championship were added to the contracts as well, with Bob Stoops’ bonus at $275,000, Mike Stoops at $80,000, co-offensive coordinater Josh Heupel at $60,500 and all other coaches receiving 2.5 months of their base salary as the bonus.
Bob Stoops’ base salary remains at $325,000 annually for the contract that runs through the 2020 season. His annual income from unrestricted private funds for personal services, fund raising and all other athletics-related contracts and activities will go up to $4.025 million from $3.725 million for 2014. He also receives a $700,000 annual bonus each June 1 for remaining at the school.
Stoops’ teams are 160-39 in 15 seasons, which includes Oklahoma’s 11-2 record last season. The Sooners beat Saban’s Crimson Tide in the Sugar Bowl.
Stoops also passed Barry Switzer to become the program’s all-time winningest coach last season.
During Stoops’ tenure, OU has won seven outright Big 12 titles and shared another.
Stoops praised OU president David Boren and athletic director Joe Castiglione for their commitment to the program, both with the stadium expansion plan approved Wednesday and the salary increases.