Brent Venables has secured a new six-year contract worth $49.65 million at Oklahoma.

Oklahoma football coach Brent Venables has secured a new six-year contract valued at nearly $50 million, which was approved by the Oklahoma Board of Regents on Friday.

According to CBS Sports, the total compensation package amounts to $49.65 million, averaging $8.275 million per year. This new contract will extend through the 2029 season. Previously, Venables’ initial contract, signed before the 2022 season, was for six years and $43.5 million.

Under Venables’ leadership, the Sooners have posted a record of 16-10 over the past two seasons: 6-7 in 2022 and 10-3 in the last season. Despite qualifying for bowl games both seasons, they suffered losses in each.

Venables, aged 53, assumed his first head coaching role at Oklahoma. His coaching career began as a graduate assistant at his alma mater, Kansas State, in 1993. He later held positions at Oklahoma and Clemson, where he earned the Broyles Award in 2016 as the nation’s top assistant under Dabo Swinney. At Clemson, he served as assistant head coach, defensive coordinator, and linebackers coach before departing.

This upcoming fall, Oklahoma will transition from the Big 12 to the Southeastern Conference (SEC). Their season kicks off on Aug. 30 against Temple, with SEC play beginning on Sept. 21 as they host Tennessee.