The new deal is for five years and provides for annual automatic rollovers. The agreement replaces Gundy’s previous contract, which would have expired on Dec. 31, 2019. His new salary, which is retroactive to Jan. 1, 2017, will be $4.2 million annually with a $125,000 annual escalator. His previous salary was approximately $3.9 million per year. Gundy’s contract is paid entirely through athletic funds.
“Today is a good day for Oklahoma State football,” said OSU athletic director Mike Holder. “The new contract recognizes Coach Gundy’s success at building and sustaining a premier college football program and reflects our appreciation and our long-term commitment to Coach Gundy. Not only is he one of the best coaches in the country, he also does things the right way.
Holder said, “His players love playing for him because he is the consummate players’ coach. While I believe his achievements are often overlooked nationally, he’s certainly appreciated by those of us at Oklahoma State. We are excited about the future of our football program under the direction of Mike Gundy.”
“Coach Gundy loves his alma mater and is passionate about success both athletically and academically,” said Burns Hargis, president of Oklahoma State University. “He is a strong leader and motivator who gets the very best out of players, coaching colleagues and the organization.
“He runs the program the right way, graduates players and creates a positive culture built around responsibility and accountability,” Hargis said. “I am excited for the future of Oklahoma State football under the leadership of Coach Gundy.”
Gundy is the longest tenured and winningest coach in Oklahoma State history with a career record of 104-50. He is 63-39 in Big 12 play including a Big 12 championship in 2011 and a Big 12 South co-championship in 2010. Gundy’s 63 Big 12 wins rank fourth all-time in the league.
He has led Oklahoma State to a school-record 11 straight bowl games, including appearances in the Fiesta Bowl, Sugar Bowl and two Cotton Bowls. Oklahoma State has reached double figures in wins five times in the last seven seasons, including the only 11-win and 12-win seasons in school history. Since 2010, Oklahoma State has posted a record of 68-23 (.747 winning percentage).
Gundy has been the head coach at Oklahoma State for 12 seasons, which is fifth nationally among active coaches at their current schools. His 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.
“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,” said Gundy. “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.”