University of Oklahoma regents approved raises on Wednesday for athletic director Joe Castiglione, men’s basketball coach Jeff Capel and three other head coaches for the Sooners.


University of Oklahoma regents approved raises on Wednesday for athletic director Joe Castiglione, men’s basketball coach Jeff Capel and three other head coaches for the Sooners.
Castiglione received a raise for the second straight year. Entering his 11th year at Oklahoma, Castiglione’s total annual compensation will rise by $20,000 to $700,000, effective next Tuesday.
Castiglione also will be eligible for a so-called “stay bonus” of $300,000 if he remains at Oklahoma until the end of his contract in 2014, and the university will contribute $50,000 each year to a supplemental retirement plan during the contract’s term.
“We’re very humble about that and very appreciative that they continue to show confidence and faith in what we’re doing. It’s a ’we’ approach,” Castiglione said. “It’s never an individual approach at our place. We are part of something much bigger than any one of us. The reason we’re successful is because of talented people who find a way to collaborate and make the mission happen.
“That’s been our formula for the last 10 years and it’s going to continue be enhanced so our formula works in the next 10 years.”
Castiglione, whose name has been mentioned in connection with the vacant athletic director’s job at Notre Dame, said he had done nothing to fuel speculation he might leave Oklahoma.
“All I can do is demonstrate the importance of the role I have at Oklahoma and lead this athletic program and serve the institutional mission in a way that I’ve been privileged to do, and that has to speak for itself,” he said. “I don’t really ever comment on anything else other than that.”
University President David Boren said that Oklahoma’s athletic department is one of only six in the nation that is self-supporting and receives no state funds.
“That is a remarkable accomplishment,” Boren said. “It’s a great credit to Joe.”
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.
Women’s gymnastics coach K.J. Kindler received a raise of $11,550 and now will received $115,000 annually in guaranteed money. She also had her contract extended by one year to July 1, 2012.
Mark Williams, who has guided Oklahoma to five of the last seven NCAA titles in men’s gymnastics, now will receive $130,000 annually, a raise of $22,150 that will be effective next Tuesday. His contract was extended by five years to July 1, 2013.