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.
“This is a great, great program and I believe it’s because of the leadership,” Stoops said. “Because of President Boren, his staff, Joe Castiglione, his staff — all of that positive filters down to what we’re trying to do with our football program. They’ve had great vision, great leadership, a willingness to make a commitment, to continue to improve, not only the football program, but every one of our athletics programs.”
Coaches in other sports also received raises.
Men’s basketball coach Lon Kruger’s salary was increased to $2.2 million with his annual stay bonus bumped up to $550,000 for the next two years. His contract was also extended two years through the 2019-20 season.
Kruger will make an average of $2.83 million over the life of the contract with the annual bonus included.
Kruger’s assistants — Chris Crutchfield, Steve Henson and Lew Hill — were each given raises to $225,250 for next season.
Women’s basketball coach Sherri Coale’s contract was extended through 2019-20 and her salary increased to $1.1 million in the upcoming season.
Coale’s assistants also received raises.
Women’s gymnastics coach KJ Kindler, whose team shared the national title this year, received an extension through 2019-20 and a $20,000 raise to $220,000 per year. Kindler’s bonus structure was also altered.
“Seeing some of the programs that were struggling once, now we’re on the precipice of playing for national titles,” Castiglione said. “This year, you saw the gymnastics team win a national championship. Those kinds of things lead to a proactive spirit that we established long ago.
“It’s not just the compensation or their contract that leads to retention, but it’s everything we’re doing to invest in their sports’ success that inspires them.”