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Oklahoma State, football coach Mike Gundy agree on 8-year contract extension

OSU FOOTBALL — Oklahoma State University and football coach Mike Gundy have agreed to an eight-year contract extension, according to multiple sources. Exact financial details of the deal have not been released, but it is believed Gundy will be paid an average of $3.7 million annually.
by Berry Tramel Modified: January 7, 2012 at 7:11 pm •  Published: January 7, 2012

“Finally, we have assembled the best football coaching staff anywhere in my book. It is a pleasure to work with each one of them. They are dedicated and enthusiastic about OSU. I am proud of them and the incredible and critical role they have played, and will continue to play, in our program’s success.”

According to Business Insider in November, only four college football coaches make $4 million a season: Texas' Mack Brown ($5.19 million), Alabama's Nick Saban ($4.833 million), Oklahoma's Bob Stoops ($4.075 million) and Ohio State's Urban Meyer ($4 million, on a contract just signed).

Six other coaches were above the $3 million threshold: LSU's Les Miles ($3.856 million), Iowa's Kirk Ferentz ($3.785 million), Arkansas' Bobby Petrino ($3.638 million), Auburn's Gene Chizik ($3.5 million), Michigan's Brady Hoke ($3.254 million) and Florida's Will Muschamp ($3.22 million).

For winning the Big 12 Championship and making a bowl game, Gundy is also in line to receive a bonus. He'll get $100,000 for winning the Big 12 and one month's salary — worth just over $35,000 — for making a bowl game.

Shortly after news of Gundy's extension hit the internet, OSU quarterback Brandon Weeden took to Twitter to voice his support.

"Congrats to Coach Gundy on his contract extension!" Weeden tweeted. "He definitely deserves it!"

The contract is subject to approval by the Oklahoma State University/A&M Board of Regents and it will be funded by the athletics department.

Assistant Sports Editor Ryan Sharp contributed to this report

by Berry Tramel
Berry Tramel, a lifelong Oklahoman, sports fan and newspaper reader, joined The Oklahoman in 1991 and has served as beat writer, assistant sports editor, sports editor and columnist. Tramel grew up reading four daily newspapers — The Oklahoman,...
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