ARDMORE — OU head football coach Bob Stoops will make $4.675 million in 2010 as part of a reworked contract approved Wednesday by the OU Board of Regents.

Stoops’ new contract, which will pay him $2.925 million in guaranteed compensation for 2009-10, includes a $700,000 per-year bonus for remaining at OU, and a $200,000 per-year increase in salary. Stoops also collects a one-time stay bonus of $800,000 if he’s still the Sooners’ leader on Jan. 2, 2011. The amount does not include any performance bonuses, such as for winning conference or national titles, bowl games or for graduating players.

OU President David Boren said the university could not control the market value for such a highly sought-after coach.

“I wish we could,” Boren said. “Do I think salaries nationwide are too high? Yes. I certainly do. But, we can’t control the national marketplace. This does not make any of our coaches the highest paid. Coach Stoops, I think it probably puts him inside the top five nationally. But, his record is certainly in the top five, and the additional revenues brought to the university.”

The regents also approved a raise for men’s basketball head coach Jeff Capel, whose salary will increase to $1.5 million for the coming season. Capel’s new deal includes a $1.1 million stay bonus if he remains at OU through 2014, and an additional $400,000 if he stays through the 2016 season.

Other head coaches receiving raises include women’s basketball coach Sherri Coale, head softball coach Patty Gasso and head baseball coach Sunny Golloway.

“There’s a marketplace, and if you’re going to maintain a successful Division I program, you simply cannot cripple that program by losing the talent that produces the revenues as well,” Boren said. “Obviously, it’s not just a matter of revenues. It’s right values, right standards of conduct.”

The athletic department will be bumping up its contribution to OU’s academic program to $4 million of direct contributions for the coming school year. Boren said the athletic department gave about $1 million per year to academics in previous years.

When combined with indirect contributions from income from other athletic-department-related sources, such as affinity card programs and soft drink sales, Boren said the athletic department’s contribution to academics would be more than $7 million.

“Of all the universities in the country, we are one of only five or six that are receiving a subsidy [from the athletic department],” Boren said. “[Athletic department funds] are not money that are being taken out of academics. Quite the contrary, the athletic department is subsidizing academics.”

The Regents also approved a resolution to name a proposed health clinic in Tulsa after Wayman Tisdale, a former OU All-American basketball player from Tulsa, who died May 15.

“To see a facility named after him is, I think, momentous,” said his brother, Weldon Tisdale. “I don’t think honored is a strong enough word.”

All of this came as the Regents approved a $1.48 billion total operating budget for the university. The budget calls for no increase in tuition or in mandatory fees that all students would be required to pay. $772 million of the budget will fund the Norman campus, with the remaining $716 million going to fund the Health Sciences Center.

Both campuses took a combined $18.5 million hit in state appropriations, which will be made up with federal stimulus dollars. The stimulus money is a one-time appropriation. The campuses received $5.9 million in new appropriations, plus funding to cover increased teacher retirement.

“You still have a long-term concern, because stimulus money is for this year. Stimulus money is for next year, and then year three, once we get out as far as 2011, there are not stimulus funds at this time,” Boren said. “We are more fortunate than other states (because) ... we have the rainy-day fund.”

Boren said the hiring freeze at OU will remain in place, but there are no extraordinary cost-cutting measures, such as layoffs or furloughs, planned.

“That would have to be like the end of the world, virtually, because we have maintained some reserves in our budget, in case we continue to have month-by month-shortfalls,” Boren said. “For example, the June numbers came in under the estimate, and so we were prepared. We do not foresee a scenario that would force us into furlough days.”

The Regents also agreed to extend Boren’s contract until Nov. 30, 2014. If he serves his full contract, Boren will complete 20 years as university president. He is currently the longest-serving school president of the Big 12 schools.

The Regents additionally honored Boren by naming the David L. Boren Presidential Chair at the OU Foundation. The chair will be funded with private donations.