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Oklahoma State Football

Quotes on the New Changes to Mike Gundy's Contract

March 25, 2022
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(Oklahoma State Athletics Media Relations contributed to this article)

STILLWATER – It was announced on Friday afternoon Oklahoma State head coach Mike Gundy has signed a new contract extension, which now makes him the highest-paid coach in the Big 12.

In the first year of the new terms, which is the upcoming year of 2022, Gundy will receive $7.4-million. The total value of the contract for the first five-years is $38.25-million.

The overall terms for the five-year rollover deal remain the same with the perpetual rollover. Gundy receives a $1-million raise in annual salary and then at the end of the calendar year in December, he receives what could be considered a $1-million stay bonus. Should Gundy no longer be the coach at the end of the calendar year then that bonus would not be paid. Gundy also receives a $125,000 increase in salary each year.

Quotes

Chad Weiberg - OSU AD

“Mike Gundy has been a transformational head coach for Oklahoma State,” said OSU athletic director Chad Weiberg. “In the ultra-competitive environment of college football, OSU has been one of the most consistently competitive programs in the country. 

“Under his leadership, OSU Football has accomplished things others never thought possible in Stillwater. He has had a lasting impact on our football program, and our athletic department. The accomplishments of his student-athletes off the field rival those on the scoreboard.”

“With the continued support of our alumni, fans, and donors, we are committed to building on the success Coach Gundy has had and to do what is necessary to take our program to the next level,” said Weiberg. “Oklahoma State remains committed to competing for championships at the highest level of college football.”

“There is an unprecedented change occurring in college athletics. Investing in our successful football program at this time is an investment in the future of OSU Athletics and the continued growth of Oklahoma State University,” Weiberg added. “The growing national prominence of our football program not only impacts all of OSU Athletics, it has a tremendous impact on the entire OSU community, the City of Stillwater and the state of Oklahoma. The media exposure alone during our run to the Fiesta Bowl victory was worth approximately $60 million to Oklahoma State University.”

Mike Gundy - OSU Head Coach

“I’ve spent a majority of my life in Stillwater. Oklahoma State is home. This next-level commitment from our president, Dr. Kayse Shrum, athletic director Chad Weiberg and our Board of Regents is a monumental step in solidifying Cowboy Football for the future as a national brand,” Gundy said. “I’m thankful for Chad, our relationship, and the support and loyalty he’s shown not only to me, but to our assistant coaches, support staff, student-athletes, former players, fans and everyone involved with OSU Football. The Cowboy Culture has never been stronger. 

“We’ve already established OSU Football as a contender on the national stage,” he added. “My excitement with our administration and their vision has me looking forward to long-term success on and off the field.”

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Quotes on the New Changes to Mike Gundy's Contract

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