Thursday, September 19, 2013

Oklahoma Board of Regents Make Bob Stoops' Contract Extension Official

The University of Oklahoma Board of Regents made Bob Stoops' contract extension official Wednesday, ratifying the new deal that OU originally announced July 25.

It is a longevity extension only. Stoops is now under contract through Dec. 31, 2020, a two-year extension from the previous agreement.

Financial terms were not changed from the old contract. Stoops' salary scale remains as it was. He will receive $4.55 million this year and $4.95 million the next two.

In 2016, Stoops is due a bump to $5.15 million. He will maintain that annual salary through the 2020 season, or the duration of the extended contract. (Tulsa World)
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