ARDMORE Okla.
Oklahoma athletic director Joe Castiglione and five of the Sooners’ head coaches including football coach Bob Stoops and basketball coaches Sherri Coale and Jeff Capel had raises approved Wednesday by the university’s Board of Regents.
Stoops, one of the nation’s highest-paid coaches, already receives annual raises of $100,000, a number that under a new agreement will increase to $150,000. Stoops will receive a pro-rated portion of the extra money this year about $25,000 raising his 2007 guaranteed annual income to $2.625 million.
Stoops also had his contract extended by two years to December 2013.
Stoops, who guided the Sooners to the Big 12 Conference title last season, is eligible to receive a “stay bonus” of $3 million following the 2008 season if he remains at Oklahoma. His contract also is laden with incentives, including $150,000 if Oklahoma wins the national title.
Castiglione, who has been mentioned as a possible candidate to replace outgoing Big 12 commissioner Kevin Weiberg, had his base salary increased by $30,000 to $325,000 and his potential bonus amount increased by $50,000 to $155,000.
Oklahoma also extended Castiglione’s contract by four years and gave him a new title vice president for intercollegiate athletics programs in a move that university president David Boren said “sends a strong message … that we desire and expect Joe Castiglione to lead our athletic department for many years.”
Coale, whose squad has reached the round of 16 in the NCAA tournament the past two seasons behind reigning national player of the year Courtney Paris, received the largest bump. Coale had made $550,000 annually in guaranteed money, but now will be paid $800,000 a year. On Sunday, she will be eligible to receive $250,000 in deferred compensation and she could receive another $200,000 in deferred compensation if she remains at Oklahoma through June 2011.
Her contract, which was set to expire in 2010, now runs through 2017. It calls for Coale to receive a $20,000 raise each year, except for the 2011-12 contract year, during which the raise will be $70,000.
Castiglione said Coale now will be the third-highest paid coach in the Big 12, behind new Texas coach Gail Goestenkors and Baylor coach Kim Mulkey. Mulkey has won a national title. Goestenkors, while at Duke, and Coale each have taken a team to the championship game.
Boren said that even before Oklahoma’s contract discussions with Coale began, she turned down an offer to become Texas’ head coach, following the retirement of Jody Conradt in March.
“They offered quite a bit more money than she was making, and she turned them down,” Boren said.
“When people do things like that voluntarily all the time for you, you shouldn’t just take them for granted, because she could have gone to Texas for more money than even this contract. She more than deserves what we’re doing and we’re just trying to send a signal of how much we appreciate her,” Boren said.
Capel, who went 16-15 during his first season as the Sooners’ men’s coach, now will make $750,000 annually, up $100,000. His contract now extends to June 2012.
Softball coach Patty Gasso and track and cross country coach Martin Smith had their contracts extended through June 2011, and Stoops’ defensive coordinator, Brent Venables, also got a $50,000 raise to $315,000.
–Associated Press
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