OU Board Of Regents Approves Pay Raise For Lincoln Riley
OKLAHOMA CITY - Only one year into his tenure and University of Oklahoma Head Football Coach Lincoln Riley is getting a pay raise. The OU Board of Regents met Tuesday and approved Riley's extension worth $25 million over the next five years.
Coach Riley's salary will now be increased from $3.1 million to $4.8 annually.
On top of a nearly $200,000 annual raise, Riley's annual stay benefit in his contract is $500,000.
His contract is extended through the 2023 season.
This pay raise makes Riley the 12th-highest paid coach in college football.
The rookie head coach took the Sooners to a College Football Playoff appearance and third consecutive Big 12 Championship this past season.
Riley isn't the only OU football coach to get a bump in pay.
Defensive coordinator Mike Stoops received an extension through January of 2020. Stoops will make $950,000 annually, which is a $30,000 raise.
On top of all of this, the OU Board of Regents also approved design plans for a new $22 million softball facility. It is proposed that the new softball home will be located approximately one-half mile south of the current facility.
The construction timeline for the project, which will be funded in its entirety by the athletics department and donors, has not yet been determined.