The Arizona Board of Regents approved a contract extension for University of Arizona head football coach Mike Stoops on Thursday that will pay him $1 million starting in July.
The contract calls for Stoops to get a $100,000 raise every year until 2013, when his salary would top out at $1.4 million a year.
The new contract would pay Stoops $500,000 in base salary plus another $500,000 for peripheral and related duties in 2009. The money would come from the athletics department, which is financially independent from the rest of the university.
Stoops’ current salary is roughly $685,000 a year.
On top of the base salary, Stoops can earn more money for meeting academic and athletic goals.
For example, if Stoops guides the team to a Pac-10 championship, he would earn an extra $125,000, according to the terms of the contract. He could also earn an extra $5,000 if his team meets NCAA academic progress standards.
Stoops also gets a bonus if the team meets certain attendance and season ticket levels for home games, including $60,000 if the UA averages 50,000 or more fans at games.
The contract approval comes months after UA athletic director Jim Livengood promised to give Stoops an extension in the wake of an 8-5 season capped by a Las Vegas Bowl victory over BYU. It was the UA’s best season in a decade.
Stoops, 47, is 25-34 in five seasons with the Wildcats.