NORMAN, Okla. – The man who has taken over as head football coach at the University of Oklahoma will receive a big pay increase, according to reports.
Earlier this month, OU head football coach Bob Stoops announced that he was retiring and was handing over the position to offensive coordinator Lincoln Riley.
He had spent the previous two seasons as Oklahoma’s offensive coordinator and quarterbacks coach, presiding over one of the nation’s most powerful offenses.
Last month, the University of Oklahoma Board of Regents approved a three-year contract extension for Riley.
Riley’s contract was set to run through the end of the 2019 season, making it the longest contract extension for an OU football assistant coach. The contract extension also made Riley one of the highest paid assistant coaches in the country, earning $1.3 million per season the next three years.
However, it seems that he will be making much more as head of the program.
On Tuesday, University of Oklahoma Regents approved Riley’s new contract as head coach of the program.
Riley is set to make $3.1 million in his first year of a five-year contract, which extends through January 31, 2022.
That total will increase by $200,000 each year throughout the contract.
Riley will also receive an annual $500,000 stay benefit if he remains head coach through June 1 of each year.
Riley can also earn an extra $425,000 by winning the national championship.
Former OU head coach Bob Stoops will make $325,000 in his new role as a special assistant in the OU athletic department.