As he prepares to lead the Oklahoma Sooners into a new dawn as an SEC program in 2024, Brent Venables received a contract extension and salary boost in late June. How much will the Oklahoma head coach earn in 2024, what are the terms of his contract, and what is Venables’ net worth with the Sooners?
Brent Venables’ Salary and Contract in 2024
Venables was once the model of consistency as the defensive coordinator for the Clemson Tigers. As a result of his contract extension, announced on June 21, 2024, he’ll provide a similar even keel for the Sooners as they travel into SEC waters. The extension is a six-year deal that will pay Venables a salary of $8.15 million in the 2024 college football campaign.
The extension comes just over two years after Venables left his comfortable and successful position as the Clemson defensive coordinator to become Oklahoma’s head coach. His original deal was a six-year contract totaling a $43.5 million salary. The June 2024 extension will bolster his total salary for the contract period to $51.6 million and aims to keep him in Norman until 2029.
Venables’ salary for 2024 is broken down into three components. Like several other head coach contracts, his agreement contains a relatively meager annual base salary ($325,000) that is bolstered by other income streams. At Oklahoma, those consist of personal services compensation ($7,225,000) and an annual remittance of $600,000 that contributes toward retirement.
Both the base salary and the retirement contribution remain static throughout the duration of Venables’ next six-year contract. However, the personal services compensation increases each year. As a result, the Oklahoma head coach will earn an average salary of $8.6 million under his newly announced deal.
Venables’ Net Worth
Under his new contract, Venables has a net worth of $51.6 million. However, that doesn’t consider any accrued salary from his first two seasons as the head coach of the Sooners nor his lucrative contract at Clemson.
Furthermore, it doesn’t factor in any additional earnings possible for success on or off the field. The announcement of his contract extension didn’t include any specific amendments to the bonus structure moving forward. Still, we know that an expanded College Football Playoff format will likely change bonuses related to success in reaching the postseason tournament.
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Nonetheless, if the previous structure (as seen below) is any marker of the new one, Venables has a significant opportunity to boost his salary and, consequently, his net worth.
- Achieving seven or more wins in a season: $25,000
- Win National Coach of the Year: $75,000
- Win Conference Coach of the Year: $35,000
- Playing in a conference championship game: $100,000
- Winning a conference championship: $150,000
- Participation in a non-College Football Playoff bowl game: $100,000
- Winning a non-College Football Playoff bowl game: $150,000
- Appearing in the College Football Playoff: $250,000
- National Championship Game appearance: $300,000
- Win the CFP National Championship: $400,000
However, Venables’ true net worth to Oklahoma may not be measured in purely fiscal terms. The timing of his extension, on the eve of the Sooners’ official tenure in the SEC, provides continuity for the program at a time of transition and comes on the back of a 10-3 campaign that saw the team ranked as high as fifth by the College Football Playoff committee.
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