Tulsa World Gets Copy of AD Weiberg's Contract, The Clause We Heard About is There

STILLWATER – Both the Tulsa World, with columnist Bill Haisten, and Pokes Report broke the story on April 14 that Oklahoma State Athletics Director Chad Weiberg had signed his contract. The source both outlets spoke with claimed the contract was signed the prior calendar week. Now, the Tulsa World through the Oklahoma open records act has obtained a copy of the contract and learned that the date of the signing of the contract was October 30, 2025. 

There is the first descrepancy from our viewpoint. Our source was virtually unquestioned on this topic. His previous contract had concluded on June 30, 2025. According to the date on this contract obtained by the Tulsa World, Weiberg was working without a contract for four months. According to the cource on our previous story, he was without a contract for nine and a half months. 

The biggest descrepancy and the one that we had been alerted could cost Weiberg his position was that the contract had a clause calling for the athletic department to operate a balanced budget for the fiscal year. The discovery is that Weiberg not only has to keep a balanced budget but also increase total revenue in the department each proceeding fiscal year of the duration of the four-year contract. 

Based on the current climate in college athletics with NIL and the advent of revenue sharing, which does come directly out of the athletic budget, increased scholarship numbers, and with Oklahoma State this year, the dismissal of a long standing head football coach with a sizeable buyout and his staff, that would seem to be impossible. 

Robert Allen - Pokes Report

Our sources have confirmed and reconfirmed that Weiberg was pushed by the Board of Regents to dismiss Mike Gundy on Sept. 23 last football season.

This year (2025-26) the pursuit of the new football staff and hiring of all new coaches and support staff along with the settlements with the previous staff have taken a large financial toll on the department.

Oklahoma State’s athletic department had maintained a balanced budget under former athletics director Mike Holder and then except for the COVID year maintained that under Weiberg. However, in the last fiscal year (2024-25) they did not have a balanced ledger with total operating expenses of $156 million that exceeded the total revenue by $5.2 million.

In 2024-25 the department’s revenue did increase by $16 million to a total of $150 million.

There has been speculation and sources that have told Pokes Report that the Board of Regents, most of the same Board that went after former President Dr. Kayse Shrum, pushed for football coach Mike Gundy’s dismissal, was also after Weiberg. This clause is a huge hurdle for Weiberg or any athletic director in NCAA Division I to accomplish in this climate and conditions.

Our source confirmed that the salary was the same as his previous contract and it was with Weiberg able to pick up some more income in the form of incentive bonuses. He did pick up some of those with $25,000 for the women’s basketball team making the NCAA Tournament, the Wrestling team winning the Big 12, and the equestrian team winning the Big 12. 

There are perks in the form of tickets to events, spouse travel to away events when available, and a country club or golf club membership. 

Our suggestion might be to sacrifice all incentive bonuses and perks and add those to the athletic income. Even with those, a balanced budget this fiscal year is virtually impossible.