Thought this was interesting that a BIG XII coach would be making the same as HCGM last year. Guess they needed to give him a raise to save face...lol.
Here is the link to the complete story.
Capel received a two-year contract extension through July 2014 and had his annual guaranteed compensation go up by $300,000 to $1.05 million, with the raise retroactive to May 1. Capel had agreed in March to those terms, although regents didn't formally approve the deal until Wednesday.
Besides the guaranteed money, the contract includes a stay bonus of $100,000 per year, payable at the conclusion of six years. It also includes a clause that would award Capel a $100,000 bonus should the Sooners win the national title.
Capel had been making $750,000 annually on a contract that ran through June 30, 2012. He is 39-27 in two seasons at Oklahoma and recorded his first NCAA tournament victory as a coach this year against Saint Joseph's. The Sooners lost in the tournament's second round to Louisville.
Besides the guaranteed money, the contract includes a stay bonus of $100,000 per year, payable at the conclusion of six years. It also includes a clause that would award Capel a $100,000 bonus should the Sooners win the national title.
Capel had been making $750,000 annually on a contract that ran through June 30, 2012. He is 39-27 in two seasons at Oklahoma and recorded his first NCAA tournament victory as a coach this year against Saint Joseph's. The Sooners lost in the tournament's second round to Louisville.
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