Kentucky’s Mark Stoops gets a raise, contract extended to 2031

LEXINGTON, Ky. — Kentucky football coach Mark Stoops has signed an amended contract extension through June 2031 that in February will boost his base annual salary to $8.6 million plus incentives.

The 10-year coach, who is earning $6.35 million this season, signed a new deal Nov. 11, a day before the Wildcats fell 24-21 to Vanderbilt. It replaces the previous extension signed in December that ran through June 2028 and deletes the clause that automatically extends his contract by one year if Kentucky wins seven games and by two years for 10 wins.

The deal increases Stoops’ buyout from $1.75 million to $4.5 million if he leaves the program before June 30, with decreases of $500,000 before June 30 each subsequent year.

Athletic director Mitch Barnhart said in a release dated Nov. 18 that was posted on the school’s website that the agreement had been in the works for more than a month and added that continuity was “more and more important in today’s landscape.”

Stoops said in the release that he wanted to affirm his commitment and added, “I’ve loved it here and am excited for our future.”

The revised contract includes bonuses for reaching College Football Playoff semifinal games, ranging from $300,000 to $800,000, and for winning the national championship.

Already Kentucky’s longest-tenured coach, Stoops (65-58) surpassed Paul “Bear” Bryant as its career wins leader with his 61st victory over Florida in September. The Wildcats started 4-0 and reached No. 1. 7 in the AP Top 25 but have since lost five of seven, including Saturday’s 16-6 home defeat against top-ranked Georgia to finish 3-5 in SEC play.

Kentucky closes the regular season Saturday against rival Louisville before awaiting its school-record seventh consecutive bowl assignment.

news.google.com

Leave a Comment

Your email address will not be published.