The report said the payment was part of the contract he signed with the Big Twelve conference school in 2005. It will push his monetary compensation package this season to over $6 million.
Athletic Director Joe Castiglione told the newspaper that $220,000 of Stoops' $2.775 million base salary is paid by the school.
The remaining $2.555 million is for personal services for TV appearances, shoe, apparel and other endorsements, with $580,000 being paid for speaking engagements and fundraising appearances. The Sooner Club, the school's fundraising organization, foots the bill for fundraising appearances.
Stoops will earn an additional $335,000 in performance bonuses, with $100,000 added, if the Sooners beat Florida in the national championship game next Thursday.
"It's always important to realize what a special person we have, not just as a successful coach," Castiglione said.