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Sun January 7, 2007

Stoops' pay is close to $3 million in 2006
OU coach's contract figures

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By George Schroeder
Staff Writer
$3.45 million man? Not quite, but close enough

Here's a look at the compensation of Oklahoma coach Bob Stoops:


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This talk you've heard recently of Bob Stoops' $3.45 million salary? It's not quite right.

But with incentives, Stoops should almost reach the $3 million mark for 2006.

Stoops' guaranteed income for 2006 was $2.5 million; for 2007, it increases to $2.6 million.

Stoops' guaranteed income for 2006 was reported last month by USA Today as $3.45 million — $950,000 more than the $2.5 million guaranteed under terms of his contract.

The higher figure was derived, in large part, when USA Today added a prorated portion of a $3 million "stay bonus” Stoops is scheduled to receive Dec. 31, 2008.

Although Stoops was not paid any portion of the $3 million in 2006, the newspaper added $750,000 in deferred compensation in an attempt to make comparisons between his contract and other coaches' contracts more valid.

Another $200,000 came from outside income reported by Stoops to OU: $50,000 from various speaking engagements and $150,000 from an endorsement campaign for OU Medical Center. Those payments raised his 2006 pay to $2.7 million.

In addition, Stoops is scheduled to receive $260,000 in "performance bonuses” for 2006, which would raise his total income for last year to $2,960,000.

Stoops' contract, which runs through Dec. 2011, calls for a $100,000 raise each Jan. 1. Last Monday, Stoops' guaranteed income for 2007 increased to $2.6 million.

It won't be known until July what, if any, outside income (like the $200,000 he received in 2006 from speaking engagements and OU Medical Center) Stoops will receive in addition.

With performance bonuses, he could make as much as $745,000 more.

The contract Here's how Bob Stoops' contract breaks down for 2007: Base salary: $200,000

Personal services: $1,800,000

Speaking engagements: $600,000

Guaranteed total: $2,600,000

Performance bonuses:

• $60,000 for participating in the Big 12 championship game OR $80,000 for winning the Big 12 championship

• $65,000 for participating in a non-BCS bowl game

• $100,000 for participating in a BCS bowl game OR $150,000 for participating in the BCS national championship game

• $250,000 for winning the BCS national championship

• $75,000 for a Top 10 finish in the BCS rankings OR $50,000 for a Top 20 BCS finish

• $30,000 for being named by the Big 12 Conference as its coach of the year

• $60,000 for being named by the Associated Press as national coach of the year

Graduation rates: Stoops would receive $40,000 for a graduation rate of 65 percent or better; $50,000 for 75 percent or better; $60,000 for 85 percent or better; $100,000 for 100 percent. (Note: In ratings released last September, Oklahoma's football program had a "graduation success rate," as calculated by the NCAA, of 52 percent; the federal graduation rate was 44 percent).

In addition, Stoops is also provided with:

• 2 automobiles and insurance

• 35 hours annually of private airplane use

• Membership and monthly dues at a Norman-area golf course

• 20 football tickets

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