Awesome name. Love the Chainsaw Kittens.
I think OUHoops should put some ads up, both on the front page and on the board. There are plenty of ways to do it unobtrusively these days, and these guys deserve to at least earn some beer money off us schmucks.
As a user and fan of the site, I would have no problem if they asked for donations either and would gladly contribute. If I were a member of the admin team on the site I would caution against it, though, just because I know the headaches that come with that sort of thing.
Another idea is some sort of auction benefiting the board. A lot of people have intimated that people closely associated with the program read our nonsense. Hey Coach Capel! Reading this? Want to reward your most die-hard fans? How about offering a dinner with you and the coaches? Or a "gameday experience" sort of thing? I am just thinking off the top of my head. There are plenty of other ideas.