Mark Stoops cashes in on millions with Kentucky football's success

Photo: Britney Howard, University of Kentucky Athletic Department
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LEXINGTON, Ky. (WKYT) - Kentucky football coach Mark Stoops has earned millions in current and future pay following the most successful season in four decades for the program.

While there are tons of great stories surrounding the team, Mark Stoops must be inwardly smiling at his 2018 payday. Stoops in 2018 earned in current and future pay an estimated $15.75 million.

Here’s how I get to that number.

His 2018 salary was $4 million as part of his contract that was reworked for a second time in his Kentucky tenure back in 2017. Among other things, he gets an automatic rollover anytime his Cats win 7 games. They reached that mark with that overtime thriller at Missouri. That goes on the back half of the contract and extends Stoops through the 2023 regular season. The contract dictates in that year that he is paid $5.25 million. What the contract also calls for is that any win after the 6th win in a season is worth $250,000. So for winning a 7th, 8th, 9th and on New Years Day a 10th game in the 2018 season, Stoops gets another $1 million in bonus money.

But there’s more.

That Citrus Bowl win over Penn State was the Cats' 10th of the year, and that kicked in another performance-based one-year contract extension. That would be through the 2024 season a year in which Stoops would be paid $5.5 million. That, according to my math (I sound like a game show host), brings the total to $15.75 million.

In case you’re wondering, the contract extensions include 70% of that money guaranteed, and if Stoops were to ever want to leave, his buyout to UK would only be $1 million.

But with the way Mitch Barnhart structured the contract, why would anyone want to leave?



 
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