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Oklahoma State Football

Mike Gundy Discusses New Contract Extension

March 28, 2022
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STILLWATER – It was announced last Friday Oklahoma State head coach Mike Gundy had received a contract extension which made 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 $7.46 million. The total value of the contract for the first five-years is $38.25 million.

As Robert Allen put in our article on Friday, 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.

Even though the university put out a quote from Gundy on his new contract, Monday before practice was the first time he’s met with or spoken with the media since the news was announced.

"Well, that was months ago from President (Kayse) Shrum and Chad Weiberg,” Mike Gundy said of his contract extension. “As I mentioned last week, they have taken care of everybody in our building; this is just the last one that you guys heard about. So, as I said a week ago, I'm very pleased with the way they've handled the situation and diagnosed it to a point that will last for years to come."

Even though this was the first time he’s spoken since the contract was announced, he did talk to the media early last week to discuss the administration taking care of the rest of the coaching staff, as well as the support staff in the West End Zone.

“Between Dr. Shrum and Chad Weiberg, they've completely revamped our people that work in that football building financially. I mean, they've taken care of football and taken football to a level that with the exception of Oklahoma and Texas — which I don't know if we'll be in their category budget-wise in my lifetime, but a year or two from now they won't be in our league, so I don't have to worry about that — but for the most part, they've taken the staff and everybody in that building to a level financially that will be the tops in this league,” Gundy said. “That is a huge commitment because that keeps continuity and structure. There's almost 100 people that work in our building in all different areas, and the large majority of them have been with us or with me a long time and that helps me. So, in my opinion and when they make that commitment, they're showing that football is important, and it gives us a chance to play at a high level."

While Gundy’s made good money the past 10 years coaching Oklahoma State, he’s always cared more about his support staff and assistant coaches getting taken care of, and this new round of raises ensured everyone’s getting taken care of.

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Mike Gundy Discusses New Contract Extension

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