Emmanuel Acho and Jonathan Vilma disagree about whether Lincoln Riley can be compared to Sean McVay. (0:58)

The University of Oklahoma regents made Lincoln Riley one of the top 10 highest-paid coaches in college football on Wednesday, bumping his 2019 salary to $6 million.

Riley made $4.8 million last year.

On top of the $6 million, Riley will receive an annual $700,000 stay bonus for each year he remains with the Sooners, in addition to $150,000 in annual bumps, through the 2023 season.

The school also will pay Riley an extra $1 million if he stays at Oklahoma past April 1, 2021. Riley also can net up to $750,000 annually in performance bonuses.

According to USA Today's annual coaching salary database for the 2018 season, Riley's salary would match Dan Mullen's with Florida in eighth place and would put him at $500,000 more than Texas rival Tom Herman's. The database lists Alabama's Nick Saban as No. 1 at $8.3 million, trailed by Michigan's Jim Harbaugh and Texas A&M's Jimbo Fisher at $7.5 million.

Enjoying the life of Riley Oklahoma football coach Lincoln Riley's new raise to $6 million a year puts him among the highest-paid college head coaches in the nation (per USA Today's salary database for 2018), ahead of coaches such as Texas rival Tom Herman and Mike Gundy at Oklahoma State. Rank Coach Team Salary 1. Nick Saban Alabama $8.3M 2. Urban Meyer Ohio State $7.6M 3. Jim Harbaugh Michigan $7.5M 4. Jimbo Fisher Texas A&M $7.5M 5. Gus Malzahn Auburn $6.7M 6. Kirby Smart Georgia $6.6M 7. Dabo Swinney Clemson $6.5M 8. Dan Mullen Florida $6M 9. Tom Herman Texas $5.5M 10. Scott Frost Nebraska $5M 10. Mike Gundy Oklahoma State $5M 10. Willie Taggart Florida State $5M 10. Lovie Smith Illinois $5M -- USA Today's coaches' salary database

Riley chose to remain with the Sooners despite receiving overtures from the NFL after leading Oklahoma to back-to-back College Football Playoff appearances in his first two seasons as head coach. With him also calling the offensive plays, the Sooners became the first program in history to produce back-to-back Heisman Trophy-winning quarterbacks in Baker Mayfield and Kyler Murray.

The regents also announced that Riley's new defensive coordinator, Alex Grinch, will make $1.4 million in his first season at Oklahoma.