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7h ago

Oklahoma’s Brent Venables Takes $1 Million Pay Cut for 2025 to Fund Athlete Revenue Sharing

The university says the coach proposed a one-time give-back as NIL-era revenue sharing takes effect.

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Oklahoma coach Brent Venables shouts during a college football game between the University of Oklahoma Sooners (OU) and the South Carolina Gamecocks at Gaylord Family - Oklahoma Memorial Stadium in Norman, Okla., Saturday, Oct. 19, 2024.

Overview

  • A contract obtained Aug. 29 by USA TODAY confirms a one-year, $1 million reduction that sets Venables’ 2025 pay at $7.55 million.
  • OU says the move directs money to its revenue-sharing program enabled by the House v. NCAA settlement, which permits up to $20.5 million in athlete payments for 2025–26.
  • The agreement, signed in early February, leaves the term intact through Jan. 31, 2030 with future salaries unchanged: $8.65 million in 2026 and 2027, $8.75 million in 2028, and $8.85 million in 2029.
  • Those amounts remain fully guaranteed if Venables is fired without cause, subject to mitigation and standard offset provisions.
  • Similar steps have been reported elsewhere, including Florida State’s Mike Norvell agreeing to a $4.5 million cut and Oklahoma State’s Mike Gundy trimming $1 million.