Beal, a senior, also was previously named to the Bednarik and Nagurski Watch Lists as one of the nation's top overall defensive players.
The Carrollton, Texas, native was brilliant last season when he recorded 19 tackles for loss, including 11 quarterback sacks, the fourth-best sack total in OU history.
With 20.5 sacks in his career, he ranks No. 6 on the Sooners' all-time list.
Now in its ninth season, the Ted Hendricks Award is named in honor of college football's first three-time first-team All-American.
After an outstanding collegiate career at Miami, Hendricks' professional career spanned 15 years and 215 consecutive games.
It included four Super Bowl victories, eight Pro Bowl selections and inductions into the College and Pro Football Halls of Fame.
On-field performance, exceptional winning attitude, leadership abilities, contributions to school and community and academic preparedness are some of the criteria used to determine the Award's winner.
Members of the national media, head coaches, professional scouts and former winners are included in the Award's voting committee.