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Oklahoma reportedly signs Mike Stoops at bargain price

Mike Stoops has officially been hired as the defensive coordinator for Oklahoma for over a week now, but today, the school’s Board of Regents recognized the hire as official by signing off on a new contract.

And, if the following report is true, the Sooners got Stoops at a discount.

The OU Daily, the school’s student newspaper, reports that Stoops is getting a three-year contract worth $245,000 annually in base salary.

To put that amount into perspective, Brent Venables was getting $440,000 a year before he took the defensive coordinator job with Clemson.

Of course, it should be noted that “additional and outside income from private funds” reportedly bumps Stoops’ pay to $600,000 annually, plus $50k for every year he stays.

Still, Stoops was the co-DC with the Sooners before he took the head coaching job at Arizona, so he has the experience, and with his name previously connected to places like Ohio State, Nebraska and South Carolina, he absolutely could have gotten more somewhere else.

Travis Haney of The Oklahoman points out that the reasoning behind the number might reside in Stoops’ buyout with Arizona.

In any case, and whatever the reason(s), Oklahoma is getting a heck of a deal with Stoops.