The OU Board of Regents approved the contract extension for OU head football coach Lincoln Riley during Wednesday's meeting.

Riley's contract has been extended until 2024. His base salary will stay at $325,000 and he will be allowed to earn an outside income of up to $3.975 million. 

His stay benefit is up to $700,000 and his retirement is up to $1 million. The contract also included an additional stay benefit of up to $1 million. 

Stay with News 9 and News9.com for more information as it becomes available.