Market
What will be the primary use of restructured contract funds by Oklahoma State by the end of 2025?
3
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NIL Payments • 25%
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Oklahoma State University financial reports and press releases
Story
Mike Gundy Agrees to Restructured Contract at Oklahoma State, Redirecting Salary to NIL
Dec 7, 2024, 04:03 AM
Oklahoma State University and its head football coach, Mike Gundy, have reached an agreement in principle on a restructured contract, ending a standoff that began after a disappointing 2024 season where the team finished with a 3-9 record. The new deal includes a reduction in Gundy's $7.75 million salary, which will be redirected towards Name, Image, and Likeness (NIL) payments for players, and a decrease in his buyout, previously set at over $24 million. The negotiations followed a special meeting by the Oklahoma A&M Colleges Board of Regents, which discussed Gundy's employment status. Gundy, who has been with the Cowboys for 20 seasons and has 18 consecutive winning seasons, will now coach his 21st season at Oklahoma State.
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