The University of Oklahoma has some boosters kicking around the notion of buying out head football coach Brent Venables’ contract. OU is sitting at 5-4 overall this season and is reflective of the John Blake years. However, when you take a closer look at the contract it may make some boosters rethink what actions to take.
Brent Venables’ buyout details are as follows: *Total Buyout Amount*: If Oklahoma decides to part ways with Venables after the 2024 season, the Sooners would owe him $44.8 million ¹.
– *Payment Structure*: The buyout amount would be paid in monthly installments of $711,243 until his contract expires on January 31, 2030 ¹.
*Annual Breakdown*: $3.73 million per year for the next five years and one month if fired on December 1, 2024 ¹.
The buyout drops significantly after each season: – $34.9 million after the 2025 season – $26.2 million after the 2026 season – $17.4 million after the 2027 season – $8.5 million after the 2028 season – $0 after the 2029 season ¹.
– *Contract Details*: Venables’ contract is fully guaranteed, with an average annual value of $8.5 million, and includes offset language that reduces the buyout amount if Venables finds a new job.
