Brent Venables gets a new contract at Oklahoma (Updated)

Oklahoma is preparing to sign Brent Venables to a new 6-year contract, ESPN's Pete Thamel reported Friday. The deal still requires Board of Regents approval, which is expected to happen today.  

Financial terms were not disclosed, though Thamel tweeted the deal includes a "significant raise." 

Venables was entering Year 3 of his original fully guaranteed 6-year, $43.5 million contract that would have paid him $7.2 million this year.

Following a 6-7 debut, Oklahoma improved to 10-3 in 2023, including a win over Texas. The Sooners finished No. 15 in both polls. 

Oklahoma will enter this fall ranked around that same spot. The Sooners will be heavy favorites in all four non-conference games; in SEC play they'll get Alabama and Tennessee at home, Texas at a neutral site, with road significant road trips to Ole Miss, Missouri and LSU. 

Update: Oklahoma media is reporting the deal as an extension, adding two years back to Venables's existing deal to take him back to his original six years under contract. He'll earn $46.05 million over the life of the deal, starting at $7.225 million in 2024 -- a $25,000 increase from his original salary. He'll net a $400,000 raise for 2025, a $100,000 raise in 2026, no raise in 2027, and then $100,000 raises in 2028 and '29. 

As always, stay tuned to The Scoop for the latest.