Oklahoma State Cowboys reward coach Mike Gundy with $1 million to $7.5 million a year pay raise
Oklahoma State coach Mike Gundy, who led the Cowboys to only their fourth top-10 finish since 1914 last season, got a big raise on Friday.
OSU announced that Gundy had been granted a $1 million per season increase on his contract, as well as an annual retention bonus of $1 million on each of the next five seasons which was approved at a meeting. of the OSU Board of Directors on Friday. Gundy, who has a “five-year perpetual contract” at OSU, will now earn $7.5 million a year.
Gundy is 149-69 in 17 years at Oklahoma State, including 16 straight bowl appearances and seven 10-win seasons since 2010, trailing only Nick Saban and Dabo Swinney during that stretch.
“Mike Gundy has been a transformational head coach for Oklahoma State,” OSU athletic director Chad Weiberg said in a statement. “In the ultra-competitive environment of college football, OSU has been one of the most competitive programs in the nation. Under his leadership, OSU Football has accomplished things others never thought possible at Stillwater. He has had a lasting impact on our football program and our sports department.”
The Cowboys found themselves inches from a possible shot in a college football playoff game, first beating rival Oklahoma at Bedlam for the first time since 2014 before being stopped just short of the goal line at the end of a 21-16 loss to Baylor late in the Big 12 Championship Game.
OSU bounced back from that disappointment with a 37-35 win over No. 5 Notre Dame in the Fiesta Bowl to finish 12-2 and No. 7 in the latest AP poll.
“This is clearly the biggest win in school history,” Gundy said after the game. “You’re in a New Year’s bowl. You’re two Top 10 teams, the No. 5 team in the nation. You’re playing Notre Dame. Biggest comeback in school history… down 21 points in the Fiesta Bowl.”
Gundy spoke about Oklahoma State’s opportunity to be atop a new-Davook Big 12 when Texas and Oklahoma leave.
“I’ve spent the majority of my life in Stillwater. Oklahoma State is my home. This top-tier commitment from our President, Dr. Kayse Shrum, Athletic Director Chad Weiberg, and our Board of Directors is a monumental step in cementing cowboy football for the future as a national brand,” Gundy said. “Cowboy culture has never been stronger.