On Tuesday morning, Oklahoma State announced its new deal with head football coach Mike Gundy.
The new deal is for five years, which would until 2022. His previous deal expired on Dec. 31, 2019. Gundy’s salary gets bumped from $3.9 million per year to $4.2 million annually, with a $125,000 annual escalator.
According to the latest numbers from USA Today, this deal moves Gundy into a tie with Michigan State’s Mark Dantonio for the 13th highest-paid head coach in the nation. Les Miles also made $4.3 million, but he’s obviously no longer the head coach at LSU. Last year, Gundy was the 22nd highest-paid coach in the country.
In a statement, Gundy said:
“I’m very pleased with the new contract because it reflects our mutual commitment and long-term vision to take our football program to an even higher level in the years to come. I appreciate the support and confidence of President Hargis and Coach Holder in me to continue to lead this program for many years to come.”
Mike Gundy has led the Cowboys to 11-straight bowl games and is 104-50 in his coaching career, while going 63-39 in Big 12 games. As the release impressively notes, Gundy’s 104 wins rank fifth nationally among active coaches at their current schools, trailing only Bill Snyder of Kansas State, Gary Patterson of TCU, Kirk Ferentz of Iowa and Nick Saban of Alabama.
This is major dough being dished out by Oklahoma State and proves its commitment to football and realizes the importance of Gundy to the program. Sometimes it seems that the powers-that-be in Stillwater really believe they could plug in a handful of coaches into the top job and still have Gundy’s success. That’s always been incredibly foolish.
Add in the millions these programs are receiving in revenues, and this was a wise move, and there was no excuse to not get it done.
— Cowboy Football (@CowboyFB) June 13, 2017