Oklahoma State University's official announcements

Mike Gundy Agrees to Pay Cut, Will Coach 21st Season at Oklahoma State

Dec 7, 2024, 05:33 PM

Oklahoma State University and head coach Mike Gundy have reached an agreement on a restructured contract, resolving a recent standoff over compensation. The agreement comes after discussions where the university proposed a pay cut for Gundy, whose current salary is $7.75 million, to redirect funds towards Name, Image, and Likeness (NIL) initiatives. Gundy, who has been at the helm for 20 seasons and is the winningest coach in school history, will now enter his 21st season with the Cowboys. The contract negotiations were influenced by the team's disappointing 2024 season and Gundy's previous comments, which had raised questions about his job security. The restructured deal was finalized after the Oklahoma State University Board of Regents met to discuss Gundy's employment.