From the AP :

Oklahoma starting quarterback Rhett Bomar will not play for the Sooners this season following an investigation by the team, according to a television report.

Oklahoma confirmed that two players had been dismissed by the team but did not identify them. The school said in a statement that the players violated NCAA rules by working at a private business and taking “payment over an extended period of time in excess of time actually worked.”

Oklahoma City television station KWTV reported that Bomar, who set an Oklahoma freshman record with 2,018 passing yards after taking over as the Sooners’ starter in the second game last season, was one of the two players who had been permanently dismissed.