Approved contract for Oklahoma’s coach Bob Stoops

Earlier it was reported that Oklahoma coach Bob Stoops would receive a new contract.  The raise would bring Stoops to the exclusive $5 million per year club, joining Alabama’s Saban, Texas Longhorn’s Charlie Strong and Texas A&M’s Sumlin.

The University of Oklahoma Board of Regents voted Wednesday morning to modify coach Stoops’ current contract, which runs through the 2020 season.  The modifications include increases in the money he receives from unrestricted private funds for personal services, fund raising and other activities.

According to NewsOK.com, Stoops will,

Make $5.25 million in 2014, and will cross the $6 million mark in 2019. He’s now slated to make $6.15 million in the final season of his contract. The regents also approved modified performance bonuses for Stoops that include a $275,000 bonus for winning the College Football Playoff national championship. Over the seven seasons remaining on Stoops’ contract, he will total $39.9 million in compensation.