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Thu June 26, 2008

Regents OK raise for OU AD Castiglione

 
 
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By Scott Wright
Staff Writer
It's a familiar tactic — one Oklahoma vice president and athletics director Joe Castiglione uses to entice his top coaches to stay around.

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Now the OU administration is doing the same to keep Castiglione in Norman.

Castiglione received a new contract Wednesday which included a stay bonus worth $300,000 if Castiglione remains at OU for the duration of the five-year pact. The contract, which was approved by the OU Board of Regents at their regular meeting Wednesday in Ardmore, also included a $20,000 per year raise, bringing his total yearly salary to $700,000.

Other business at the Regents' meeting included review and approval of several other coaches' contracts, including the new deal for OU basketball coach Jeff Capel. Capel's contract extension brought his yearly salary to $1.05 million and included a stay bonus totaling $600,000 if he remains at OU through 2014.

Boren praised Castiglione for his work over the past decade and said OU is among only six universities nationally that have self-sustaining athletic programs that don't rely on public funding. Some athletic revenue even gets used academically for the OU library.

"It's a remarkable accomplishment,” Boren said.

That's a big reason OU is working to keep Castiglione on the job. The athletic department was facing a growing debt when he was hired away from Missouri in 1998, and his success at OU has regularly drawn the attention of other organizations.

The University of Tennessee pursued Castiglione hard in 20