Oklahoma has approved Lincoln Riley’s head coaching contract. And three games into the deal, it looks like the Sooners got a tremendous bargain.

Riley will earn a base salary of $3.1 million over a 5-year deal with $200,000 raises every February. That’s a significant cost savings for the Sooners, who paid Bob Stoops $5.5 million as head coach last season. But it’s also a major step up from Riley’s $900,000 salary as Oklahoma’s offensive coordinator.

Bonuses range from $250,000 for a national championship to $25,000 for being named Big 12 coach of the year.

Here are the perks and bonus clauses, courtesy of Eric Bailey of theĀ Tulsa World.

National columnist - Zach joined the staff in 2012...and has been attempting to improve Doug and Scott's writing ability ever since (to little avail). Outside of football season, you can find him watching the San Antonio Spurs reading Game of Thrones fan theories.