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Tuesday, February 26, 2008

Oklahoma’s Stoops set to earn $6 million in ‘08

Iowa's Ferentz signs one-year contract extension



February 22, 2008

NORMAN, Okla. (AP) – Oklahoma football coach Bob Stoops is on track to earn $6 million this year, including a $3 million bonus on Dec. 31 for coaching at the university for 10 seasons.

Details of his contract, including the $3 million "stay bonus," were also reported when the university regents approved the pay plan in June.

"People may question why we do certain things," Castiglione said. "But we can measure his impact, not just with success on the field, but the way our team generates interest and excitement because of the leadership of the head coach. He positively affects so many elements of the athletic program, campus community and the state you could talk about it from the infusion of excitement to the economic impact.

"Bob Stoops is worth every penny and always has been and always will be."

The year before Stoops arrived in Norman, OU generated $26.1 million in athletic revenues, according to figures provided by the school. In 2006-07 Stoops' eighth season at OU the athletic department generated $66.3 million in revenues, with football directly accounting for $28.5 million.

"The people who are generating the revenue, why on Earth wouldn't they share in it? Because without them, we wouldn't have any of it," Castiglione said.

• Iowa football coach Kirk Ferentz has been given a one-year contract extension. The agreement, which will not include a raise or any other changes to his current deal, will keep Ferentz signed through June 2013. He has an average annual salary of $2.84 million. Ferentz is 61-49 in nine seasons with the Hawkeyes.

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