|Capel agrees to contract extension after first NCAA bid at Oklahoma|
|Written by Admin|
|Thursday, 27 March 2008 15:47|
The new deal would keep Capel, who took Oklahoma to the NCAA tournament in his second season at the helm, at the school through the 2013-2014 season.
Oklahoma athletic director Joe Castiglione said Capel's new contract calls for the coach to be paid $1.05 million per year plus incentives. In addition, the contract includes a stay bonus of $100,000 per year, payable at the conclusion of six years.
``I want to thank the University of Oklahoma, especially President (David) Boren and Joe Castiglione, for the continued belief in me and in our basketball program,'' Capel said. ``Our program made tremendous progress this season and the new contract will allow us to build on our momentum.
After receiving a $100,000 raise last year, Capel had been making $750,000 annually on a contract that ran through June 30, 2012. He is 39-27 in two seasons at Oklahoma and recorded his first NCAA tournament victory as a coach last week against Saint Joseph's.