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NORMAN — When OU’s Board of Regents approved a new six-year contract scheduled to be worth at least $51.6 million for head coach Brent Venables on June 21, his performance bonuses included a significant increase from his original agreement.
In addition to the $250,000 bonus for winning the SEC Championship Game — up from $150,000 for winning the Big 12 Championship Game in his previous contract — and $1 million for winning the College Football Playoff National Championship — up from $700,000, — Venables has various other opportunities to add to his new lucrative extension, according to his contract obtained by The Oklahoman and the USA TODAY Network.
Here’s a list of performance bonuses Venables can earn (if OU wins the SEC Championship Game, Venables receives an additional $125,000, bringing his total earnings for winning the conference championship game to $250,000):
$125,000 for participating in the SEC Championship Game, up from $100,000 for participating in the Big 12 Championship Game
One of the following:
$25,000 for participating in a non-CFP postseason bowl game with at least seven regular season wins
$200,000 for participating in a CFP first round game
$300,000 for participating in a CFP quarterfinal game
$400,000 for participating in a CFP semifinal game
$750,000 for participating in the CFP National Championship game, up from $300,000
Awards bonuses (unchanged):
$35,000 for being named SEC Coach of the Year
$75,000 for being named National Coach of the Year by any one of the following: the Associated Press, AFCA and/or Home Depot (ESPN)
$25,000 annually for a cumulative team GPA of 3.0 or better for any semester
In his new contract, Venables receives up to $240,000 in private air transportation, a change from the 30 hours he was provided in his original contract.
Venables signed the contract on June 7,…
Source link : https://sports.yahoo.com/ou-football-coach-brent-venables-100511800.html
Author : The Oklahoman
Publish date : 2024-07-19 10:05:11
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