Stoops to receive $500,000 annual raise in restructured deal
LEXINGTON, Ky. (AP) — Kentucky coach Mark Stoops will receive an annual raise of $500,000 plus incentives over the remaining six years of a restructured contract following the Wildcats' best season in 41 years.
The seventh-year coach will earn $4.75 million this season with increases up to $6 million in 2024-25. Stoops will also receive a $250,000 bonus for each Kentucky win of nine or more, replacing the previous deal that paid the same amount for the seventh and eighth victories.
Incentive bonuses include $50,000 for winning Southeastern Conference Coach of the Year and $100,000 as national Coach of the Year.
Stoops would owe Kentucky $1.75 million if he terminates the contract with five years remaining, with steady decreases depending on the number of remaining seasons.
Kentucky went 10-3 and won the Citrus Bowl to cap its best season since 1977.